LA apartment owners on split court decision over relocation, evictions: Still not enough to justify investment

The Apartment Association of Greater Los Angeles’ partial win in its lawsuit against the City of Los Angeles may ease the financial burden and risk for local multifamily property owners to a degree but it’s a drop in the bucket for what the industry wants.  The lawsuit involved two ordinances enacted by the city that went into effect in March 2023: the Relocation Assistance Ordinance and the Eviction Threshold Ordinance. AAGLA argued both violated state law. The California Appellate Court agreed with AAGLA for the relocation ordinance, which mandates landlords provide relocation support for tenants in non-rent controlled apartments displaced […]This article originally appeared on The Real Deal. Click here to read the full story.