Coming Changes to State Law, Effective January 1, 2001 - 12/15/00
COMING CHANGES TO STATE LAW EFFECTIVE JAN. 1, 2001—12/15/00
Senate Bill SB 1745 becomes effective January 1, 2001. This law requires that a 60-day notice be given when a proposed rent increase will result in a 10% or greater increase for the past 12 months of a tenancy. This means that one must calculate the total of all increases given during the 12 months prior to the effective date of the proposed rent increase. This legislation appears to require the inclusion of the proposed rent increase as well when calculating the 10% cap.
This should not be an issue for most owners unless there is a capital improvement passthrough that is being imposed during the year. Please check with your attorney if you have questions or watch this site as more information becomes available. In order to ensure that all notices meet the state standard, we recommend that you give all notices at least 60 days in advance of the effective date of the increase.