If you`re a renter in California, it`s important to know your rights and responsibilities when it comes to your rental lease agreement. With the new year upon us, it`s the perfect time to brush up on the latest regulations and updates for 2021.
First and foremost, it`s crucial to understand the basic components of a rental lease agreement. This legally binding document outlines the terms of your tenancy, including the length of your lease, rent payment amounts and due dates, security deposit requirements, and any rules and regulations you must abide by while renting the property.
As of 2021, California renters have new protections in place thanks to the passage of the Tenant Protection Act of 2019. This legislation includes a variety of provisions designed to address the state`s affordable housing crisis and protect tenants from eviction.
One major change is the requirement for landlords to give tenants a „just cause“ for eviction, such as failing to pay rent or violating the lease agreement. In addition, rent increases are now limited to once per year and cannot exceed a certain percentage (currently 5% plus the local rate of inflation).
When it comes to security deposits, landlords in California are now required to provide a detailed itemization of all deductions within 21 days of a tenant`s move-out date. The law also specifies that landlords must return the deposit within 21 days of the tenant`s departure, or face penalties.
In terms of rental payments, landlords are now required to provide tenants with a 15-day notice before increasing the rent. Failure to comply with this requirement could result in financial penalties for the landlord.
Finally, it`s worth noting that California has implemented a statewide rent control law that limits rent increases for certain types of rental properties (such as those built before 2005). This law also allows tenants to request a „fair rate“ for their rent, based on similar units in the area.
As a renter in California, it`s important to review your lease agreement carefully and understand your rights and protections under the law. With the latest updates and regulations outlined above, you can approach your tenancy with confidence and peace of mind in the new year.