SACRAMENTO (CBS13) — After both houses of the California State Legislature passed a statewide rent control bill last week, it still awaits Governor Newsom’s signature.

The bill would cap rent increases at 5% plus inflation until January 1, 2030.

READ MORE: Statewide Rent Control Bill AB1482 Passes State Senate, Heads To Gov. Newsom’s Desk

The California Senate approved voted 25-10 last Tuesday to approve Assembly Bill 1482 from Assemblymember David Chiu (D-San Francisco). The cap would not apply to housing built within the last 15 years, single-family homes not owned by corporations or trusts, and duplexes where the owner lives in one of the units.

Comments (3)
  1. Rocky Balboa says:

    Sign it! Landlords will be happy to start handing out those automatic 8-9% annual increases!

  2. Luis Naranjo says:

    I hadn’t increased rent to these levels in a long time. Looking forward to it!

  3. Eric says:

    You can see the allowable amount using the California rental calculator: https://www.relisto.com/calculators/calculator/rent-increase. Once the Governor signs bill into law we are all set to update with new rules

    Auto rent increases may become a reality with the new law. We represent many landlords who will pass on the opportunity to raise rent. They can do this because they trust that if times get tough, they have the opportunity to raise rates to market.

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