More rent-controlled buildings are being demolished to make way for pricier housing

Rent control in L.A. primarily applies to multifamily buildings built before October 1978. When a new tenant moves in, a landlord can set the rent as high as someone is willing to pay, but rent increases in subsequent years would be capped — recently at 3%.

Tenants in rent-controlled buildings have strong protections against eviction to ensure landlords can’t kick them out to charge higher market rents.

But under the Ellis Act, passed in 1985, landlords are able to evict tenants if they intend to either take the housing off the rental market or demolish the building to put up new apartments.

http://www.latimes.com/local/california/la-me-apartments-demolished-20160402-story.html

Posted on October 25, 2016 at 1:23 AM
Will Thomas | Category: Uncategorized | Tagged ,

Leave a Reply

Your email address will not be published. Required fields are marked *