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.
Categories
Recent Posts
Where’s real estate on the LA City Council elections?
Can LA’s condo market grow up?
Mt. Waterman ski resort near L.A. relisted for $3.3 million after deal falls through
Ste Marie imbues Monos Vancouver office with "residential quality"
Graffiti Towers no longer?
This Designer’s Long Island Family Home Has Been 40 Years in the Making
Hollywood recording studio hits market for first time in 50 years
Historic LA-area ski resort back on market after failed membership club plans
Unraveling All the Details Behind Wicker’s Wicker
‘Days of Our Lives’ producer lists Toluca Lake home for $17M
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA