Hey there, California property owners and real estate enthusiasts! 🌴 If you're venturing into the world of rentals or investing in properties, it's time to dive into the nitty-gritty of AB 1482. This is the video you need to watch to stay in the know about the ins and outs of the California rental market. Get ready to explore how landlords can bump up those rates, when you can give your tenant the boot, and whether you'll be shelling out for relocation assistance. 📈💼
In sunny California, we play by some rules, and today, we're deciphering them. So, grab your shades and let's get started! 😎
🚪 When Can You Say Goodbye to Your Tenant? 🚪
First things first, if your tenant hasn't done anything fishy, you can only kick them out for a handful of reasons. One way is if you, your spouse, your grandchild, or a grandparent plans to move in. 🏡 But don't think you can invite your cousin or nephew to the party—it's a strictly family affair! Make sure your lease has the specific clause for this scenario, and guess what? We've got you covered with a downloadable link! 📃
🏢 Withdrawal from the Rental Market 🏢
Thinking about pulling your property out of the rental market? Hold on, you can't just change your mind and start renting it again. 🙅♂️ Be sure to consult your attorney for the exact timelines and guidelines.
🏛️ Government Orders & Property Damage 🏛️
Now, if the government steps in because your tenant turned the place into a mess, you won't owe them relocation assistance. But in all other cases, you'll be footing the bill for that.
🔨 Property Makeovers & Updates 🔨
Planning some serious property upgrades or remodeling? Get those permits ready! Your tenant might need to vacate for at least 30 days. Talk to your attorney for all the fine print. 💼
📆 Relocation Assistance Timing 📆
When it comes to giving that relocation assistance, you can do it within the first 15 business days of notice or by waiving the last month's rent. Remember to check your local area regulations; you might need to offer even more if AB 1482 doesn't apply to you.
If you found this video helpful and are ready to tackle AB 1482 like a pro, don't forget to hit that heart button! ❤️ Stay tuned for more exciting real estate tips and trends. And remember, owning property in California is a journey worth embarking on! 🏠🌟
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GRAEHAM WATTS
Lic#01466876
📲 650.308.4727
📩 graehamwatts@gmail.com
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