The Los Angeles County Board of Supervisors agreed on the approval of a temporary measure on rent increases as an effort to relieve the pressure on Los Angeles County renters. The approval came into effect in early September and limits rent increases in unincorporated areas to 3 percent per year. The approval also limits owners eviction rights. The ordinance will be in effect for six months as the county looks for a permanent solution on the matter.
The Board of Supervisors approved the measure with a 4 to 1 vote. The ordinance was led and championed by Sheila Kuehl who has argued that rent stabilization is essential to the city of Los Angeles in order to prevent evictions and homelessness.
Private equity apartment landlords were specifically called out as Mrs. Kuehl argued that these companies do not care about their tenants and are just looking to boost profits. Prior to the hearing, members of local community organizations, legal advocates, and tenants marched from Plaza Olvera all the way to the Hall of Administration.
Most of the people that spoke during the hearing supported the measure and wanted the county bosses to find a permanent alternative in due course. A few landlords spoke out against the rent increment, including small private landlords who argue that their rental properties are there sole source of retirement income.
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