Mandated landlord credit-reporting offer to improve tenant credit scores
Residential landlords are now obligated to offer to report a tenant’s positive rental payment information to at least one nationwide consumer reporting agency.
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Category: New Laws
Updates to the permitting and approval of new housing developments
The streamlined approval process developers use when certain parameters are met just got additional incentives.
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New law takes aim at “junk fees” from California landlords
Landlords may no longer charge fees for posting or serving eviction notices or notices to vacate to residential tenants or for accepting rent or security deposit payments by check. Security deposits charged a military service member renting as a residential tenant, when higher than the security deposit charged others, require specific steps.
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Foreclosed out homeowners not to be contacted for 90 days regarding surplus funds
An owner entitled to surplus funds remaining from the foreclosure sale of their residence are chased by individuals attempting to make claim on the surplus funds. Now these surplus fund chasers are barred from contacting the owners for 90 days after the trustee’s deed is recorded to better protect California homeowners in a vulnerable position.
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Mobilehome owners install solar energy systems without park owner interference
California’s legislature promotes solar energy by empowering owners and tenants of mobilehomes to freely install and use solar energy systems without any type of interference from the owner or manager of the mobilehome park.
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Water tank assistance disclosure to buyers of residential property
Residential property for sale equipped with a state-assistance water tank requires the seller and seller broker to disclose to prospective buyers that the water tank is not part of the property acquired.
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Mobilehome park management may not remove a vehicle from a driveway or designated parking space when the vehicle is used for work or employment
A mobilehome park manager may tow a vehicle that violates park rules, unless it is a vehicle required for work or employment.
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FOTW: Buyer Representation Agreements and Renewals — Forms 103.1, 103.2, 103.1A and 103.2A
Always enter into a written employment agreement with the buyer using RPI Forms 103.1 and 103.2. Renew or extend the retainer period with RPI Form 103.1A or 103.2A.
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Buyer Representation Agreements: The end of the “gold standard”
With new California legislation, it’s now mandatory practice for a buyers broker to enter into an employment agreement with buyer clients before a purchase agreement is submitted.
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The Department of Housing and Community Development (HCD) focuses on new construction for California’s economically vulnerable residents
In response to the rent crisis, the state of California passed the Stable Affordable Housing Act of 2023. [Calif. Health and Safety Code §50610]
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The Statewide Housing Plan (SHP) focuses on first-time homebuyers and homeownership disparities
Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
Tenants with disabilities may move to accessible units within the property
Calif. Civil Code §1954.53
Amended to add subsection 4(A) by AB 1620
Effective date: January 1, 2024
New law limits HOA assessment increases for new CIDs
HOA’s will soon be further restricted in how much they can increase their regular assessments.
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2023 in review and a real estate forecast for 2024
Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
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Legislators clear the path for more commercial-to-residential conversions
Legislators are limiting the power of local city councils to prohibit adaptive reuse projects.
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New law adds muscle to Attorney General’s Housing Strike Force
California’s attorney general will now be able to take swifter action against wayward city councils refusing to follow low- and moderate-income housing solutions in their communities.
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Updates coming to Environmental Hazards Booklet handed to buyers
A new law requires three new sections to be added to the Environmental Hazards booklet.
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Landlords of prospective Section 8 tenants must allow credit history alternatives
The credit check requirement is a major roadblock for prospective Section 8 tenants who are otherwise qualified to pay rent.
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New safety measures for tiny home communities that house the homeless
California legislators are seeking to smooth the path for more shelters.
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New security deposit limitations for California’s residential landlords
Security deposit rules are tightening for California residential landlords in 2024.
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