Has anybody heard anything about SB 567

Question

Yet another bill to tighten the grip of rent control in California.. do people think there is a chance it will pass ?

Dave Peterson · Answer

I received this info yesterday from the California Apartment Association.  If you're in CA, please contact your Assembly member expressing your opposition.

CRITICAL ALERT: Stand against SB 567 – Safeguard your ability to manage rental housing now!

Your immediate action is needed to stop SB 567, a bill authored by Sen. Maria Elena Durazo, D-Los Angeles, that would critically hinder your ability to effectively manage and invest in rental housing in California.

Here's how SB 567 could negatively impact you:

Restricts your ability to move into your property: This legislation introduces a restrictive definition of an "owner," potentially preventing you from moving into your own property if you or your family needed to do so.

Obstructs essential repairs and renovations: The bill could obstruct your ability to repair significant property damage or to conduct necessary renovations, even when tenant safety is at risk.

Complicates property sales and investments: The bill introduces unnecessary obstacles if you're a small property owner looking to exit the rental market or sell your property.

Your urgent action is required to oppose SB 567.

• Restricts your ability to move into your property: This legislation introduces a restrictive definition of an "owner," potentially preventing you from moving into your own property if you or your family needed to do so.

• Obstructs essential repairs and renovations: The bill could obstruct your ability to repair significant property damage or to conduct necessary renovations, even when tenant safety is at risk.

• Complicates property sales and investments: The bill introduces unnecessary obstacles if you're a small property owner looking to exit the rental market or sell your property.

Dave Peterson · Answer

Hi Jane.  I'm not an attorney nor a real estate professional so you may want to consult with someone like them to be certain.  This is just my opinion.

Since SB 567 doesn't take affect until April 1, I would think that it would not apply in your situation if you are asking your tenant to move prior to that date.  Regarding eviction vs non-renewal, it seems like the state uses them interchangeably so I'm guessing the new rules apply in either case.

The change for an owner wanting to move in is that they or their family members must reside in the unit for at least 12 months and move in within 90 days of the tenant’s departure.  If you plan to do that, you should be ok either way.

Be aware there is a Tenant Protection Act of 2019.  However, it does not apply to most single family homes, but you need to notify your tenant for the exemption to apply.  So you may want to do that if you have not already.

Sean O'Keefe · Answer

Yep, I have and it has some interesting challenges and opportunities for California real estate.

Jane H. · Answer

Dave:

Does this CA567 mean even if you have a month-month tenant, who you are NOT evicting, just not renewing the Lease, because as in my situation, my family wants me to move closer to them, (and I am NOT a real estate professional w/multi-units), that after April 1st, I have to account for why I plan to move back into my own home? (My daughter thinks this only applies to Eviction notices, and that I should not worry). I am very confused. I texted the Tenant to let them know & drafted a non-renewal of Lease letter to send w/in the next 2 days,to meet the April 1st deadline, so I don’t have to worry. But the language re this law is very confusing. Thanks for your input.

Jane H. · Answer

Dave:

Does this CA567 mean even if you have a month-month tenant, who you are NOT evicting, just not renewing the Lease, because as in my situation, my family wants me to move closer to them, (and I am NOT a real estate professional w/multi-units), that after April 1st, I have to account for why I plan to move back into my own home? (My daughter thinks this only applies to Eviction notices, and that I should not worry). I am very confused. I texted the Tenant to let them know & drafted a non-renewal of Lease letter to send w/in the next 2 days,to meet the April 1st deadline, so I don’t have to worry. But the language re this law is very confusing. Thanks for your input.

Has anybody heard anything about SB 567

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