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
Bar Shrimp uses laser-etched acoustic panels to balance music and conversation
Sylmar single-family lot joins string of properties targeted for small-lot homes
Original Farmers Market owner buys remains of historic Fairfax Theatre at 83% discount
The American Table-Setting Rules You Might Not Know
The Massive L.A. Home Sharon Osbourne Once Shared with Ozzy Just Got a $1 Million Price Cut
47 Amazon Stocking Stuffers That Will Impress Even The Pickiest People
This Wallpaper Turns Any Room Into a Jungle Fantasy
All of the Duke and Duchess of Kent’s Royal Homes
Disney drops $115M on Yamaha HQ near Anaheim
Catch This $875K Butterfly-Roofed Arizona Cabin Before It Flies Off the Market
"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