California Governor Gavin Newsom released an executive order modifying some rent control regulations in response to complaints from landlords and real estate experts. The order allows for higher rent increases on homes with four or more bedrooms in high-rent zip codes, but it also extends rent control regulations to all lease agreements, regardless of their duration.
Gov. Gavin Newsom, right, tours the downtown business district of Pacific Palisades as the Palisades Fire continues to burn in Los Angeles on Jan. 8, 2025. Photo by Eric Thayer, Getty ImagesIn order to make full use of available rental properties, Gov. Gavin Newsom issued an executive order to change some rent rules.The post-burn ban on major rent hikes across Los Angeles now includes a carve out for houses with four or more bedrooms in zip codes with stratospheric rents.issued by Gov.
“We have many clients who decided to not list their homes because they didn’t want to put themselves at risk and so, in a way, it had sort of the opposite effect of the intended purpose,” he said.
RENT CONTROL CALIFORNIA GAVIN NEWSOM HOUSING LOS ANGELES
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