AB 1482 provides two tenant protections: a prohibition on exorbitant rent increases and protections against discriminatory and retaliatory evictions. There are two policies implemented via AB 1482. The first policy caps annual rent increases at 5 percent plus the change in the cost of living, as measured by the Consumer Price Index (CPI). The second requires that a landlord list a cause in their written notice to terminate a tenancy.
There may be potentially unintended consequences of AB 1482. This bill states a rent cap allowed maximum increase within a 12-month period is 5% + inflation, as measured by the Consumer Price Index (CPI), or 10%, whichever is lower. Why 5% Cap? How does this affect sub-lease agreements?
CHPA is pursuing the possibility of potential amendments to the law as corporate housing was not considered during the legislative process. CHPA’s partner in San Francisco, Ground Floor Public Affairs, is coordinating meetings with key legislators to raise these issues and share the industry’s concerns.