Santa Ana’s Rent Stabilization Update: A New Era for Tenants and Landlords
In a significant move aimed at protecting renters, the City of Santa Ana has rolled out its Rent Stabilization and Just Cause Eviction Ordinance. This local law, which has been in effect since January 2024, seeks to curb rent increases beyond permissible limits for designated residential units and mobile homes, while also providing robust ‘just cause’ eviction protections.
The ordinance introduces a Rental Registry, a critical tool designed to track rent-stabilized units and ensure compliance with the new regulations. This registry is supported by a Rental Registry Fee, set at $100 per unit for the fiscal year 2023-24. This fee covers the operational costs of implementing and enforcing the ordinance, as detailed in the Santa Ana Miscellaneous Fees Schedule.
Pass-Through Fees: What Tenants Need to Know
Landlords are permitted to pass through up to 50% of the Rental Registry Fee to tenants, distributed over 12 monthly installments. This pass-through, however, is not considered part of the rent when calculating any rent increase. For the fiscal year 2023-24, this fee amounts to a maximum of $4.16 per month. Importantly, landlords must ensure timely payment of the fee by February 29, 2024, to qualify for passing it through to tenants.
For more detailed information on the ordinance, tenants and landlords can refer to the original newsletter.
Introducing the Rental Housing Board
To oversee the ordinance’s enforcement, Santa Ana has established a Rental Housing Board, comprising seven members. This board includes three tenants (with at least one mobilehome tenant), two landlords, and two at-large members with no financial interest in rental housing. Applications for board membership are currently open and can be accessed via the City Clerk’s Office website.
Support and Resources for Tenants
The city provides several resources for tenants facing challenges related to rent stabilization and eviction protections. Organizations such as the Fair Housing Council of Orange County, Public Law Center, and Community Legal Aid SoCal offer guidance and support. Tenants can also reach out to Latino Health Access for additional assistance.
For further inquiries, tenants and landlords can contact the Rent Stabilization Helpline at (714) 667-2209 or email [email protected].
Stay Informed
To stay updated on the latest developments regarding the Rent Stabilization and Just Cause Eviction Ordinance, residents are encouraged to visit the city’s official website and review the full ordinance.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
In the competitive world of real estate, RE/MAX recently settled a commission lawsuit for a substantial $55 million. This strategic decision has sparked intrigue and raised questions about the company's future. The lawsuit, initiated by a group of real estate agents, accused RE/MAX of commission fraud and unfair practices. However, RE/MAX chose to settle the lawsuit, demonstrating its commitment to swiftly resolving legal matters and maintaining a positive trajectory. Despite the financial implications, RE/MAX remains financially robust and poised for future growth. The company's commitment to transparency, fairness, and ethical business practices remains steadfast. As the dust settles on the commission lawsuit settlement, RE/MAX looks to the future with unwavering confidence.
¿Interesado en obtener una licencia de bienes raíces? Nuestra versión en español del curso de pre-licencia de bienes raíces de 63 horas está diseñada para personas que prefieren aprender en español. Nuestro currículo integral cubre temas esenciales desde principios de bienes raíces hasta la ley de contratos y ética. Con la flexibilidad del aprendizaje en línea, puedes adaptar tu educación inmobiliaria a tu apretada agenda. Inscríbete hoy y da el primer paso para convertirte en un profesional inmobiliario con licencia. ¡Inicia tu viaje en el mundo de los bienes raíces hoy mismo!
The real estate industry is abuzz with Bob Goldberg stepping down as the CEO of the National Association of Realtors (NAR). This leadership change comes after the Sitzer/Burnett commission lawsuit trial, raising questions about NAR's practices. Goldberg's departure marks a significant moment in NAR's history, presenting an opportunity for reevaluation and rebuilding. As the industry evolves, NAR must adapt and embrace change to remain relevant. At Cameron Academy, we provide high-quality career education courses for a competitive advantage in the real estate industry. Start your journey towards success today! Explore Our Courses: https://cameronacademy.com/our-courses-cameron-academy
Commission lawsuits in the real estate sector are becoming increasingly prevalent, causing industry professionals to worry. Glenn Sanford, eXp World Holdings' CEO, recently voiced his fears about the potential repercussions of these lawsuits on low-income buyers. Sanford's primary worry centers around affordable housing access for low-income buyers. With the rise of commission lawsuits, Sanford is apprehensive that the legal costs will ultimately be shouldered by the buyers. This could further complicate the process for low-income individuals striving to enter the housing market and achieve homeownership. The Sitzer/Burnett verdict, which found real estate agents guilty of antitrust violations by conspiring to fix buyer broker commissions, has brought the issue of commission lawsuits to the forefront. The far-reaching implications of this verdict have ignited debates about the future of buyer broker commissions.
The ongoing Sitzer/Burnett commission lawsuit trial has captured the attention of the real estate industry, as it holds the potential to reshape the way agent commissions are structured. In this article, we explore the viewpoints of brokers, agents, and real estate economists, who provide valuable insights into the possible outcomes of the trial and its implications for the industry. By examining their perspectives, we aim to shed light on the debate surrounding real estate agent commissions and the potential impact of this landmark trial.
The Federal Trade Commission (FTC) has recently implemented a new rule that mandates nonbank financial institutions to report data breaches and other security events. This rule aims to enhance transparency and ensure the safety of customers' information. Nonbank financial institutions, including mortgage brokers, payday lenders, and virtual currency exchanges, must promptly report data breaches if they affect at least 500 customers and involve unauthorized access to unencrypted information. The FTC's new rule requiring nonbank financial institutions to report data breaches is a significant step towards ensuring transparency, accountability, and customer safety.
