California AB1482 question

[Maria D'Aura]

I’ve tried to find the answer to my question online, but can’t find anything with a clear answer.

Situation is this. Say an owner raised rent in January, then sold property in July. Assuming the previous owner raised the rent the maximum allowable amount, does the new owner have to wait 12 months from previous rent increase before raising rents?

All tenants are currently month to month and rents are significantly below market.