As a seasoned residential realtor in the San Fernando Valley, I typically only handle the buying and selling of properties. However, I also keep an eye on the rental market as my clients sometimes require rentals in-between homes for a variety of reasons. It’s crucial to recognize that certain regulations exist to protect both renters and landlords, especially during challenging times. One such regulation is the limit on rent increases during a state of emergency. California law states that landlords cannot raise rents more than 10% during these times, which is a critical protection for renters who are already facing significant challenges.
The Importance of the 10% Rent Increase Cap
During a state of emergency, such as our recent wildfires, thousands of individuals and families face unprecedented difficulties. The last thing these communities need is the added burden of exorbitant rent hikes. In California, the 10% cap on rent increases is designed to provide a level of stability during these turbulent periods. This law helps ensure that tenants are not forced out of their homes when they are already grappling with financial strains and uncertainties, and those searching for temporary housing aren’t gouged.
Landlords should recognize that raising rents beyond this limit during a crisis not only violates the law but also undermines the trust and goodwill that should exist between property owners and tenants. While landlords may feel the pressure of their own financial responsibilities, it is crucial to approach the situation with empathy and understanding. After all, our communities thrive when we support one another, especially in times of need.
Impact on Renters
For renters, the implications of an unregulated rent increase during a state of emergency can be devastating. Consider a family that has just lost their home and everything in it. Many of these people owned these homes, paying $0 mortgage. To then look for a rental and see that prices have doubled from a month before is heartbreaking, and frankly, despicable. It is important to remember that these are real people with real stories, and the repercussions of such actions can be long-lasting.
A Call for Compassion
As we navigate through these challenging times, let's remind ourselves that compassion should guide our actions. Raising rents during a crisis is not just a legal issue; it’s a moral one. It’s essential to foster a sense of community and support, rather than exploiting vulnerable situations for financial gain.
Conclusion
In Los Angeles and beyond, we must all play our part in supporting our communities during times of crisis. The 10% rent increase cap during state emergencies is not just a legal requirement; it is a reflection of our values as a society.
I encourage both landlords and potential renters to stay informed about their rights and responsibilities. Together, we can navigate these challenges with compassion and understanding, fostering a stronger, more resilient community for all.
Scott Nell
The Nell Team
Equity Union Realty
