Fred Glick, a Broker, Real Estate Realist, and Founder of Arrivva, holds a stellar track record with over $2 billion in residential transactions while grounded in a lifelong passion for real estate. Listen closely as Fred Glick gives you real estate hacks and tips through Arrivva’s AI Podcasters in the weekly We Fixed Real Estate podcast.
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Here’s a glimpse of what you’ll learn:
- Discover the recent changes to California’s lease termination laws and why they matter
- Dive into how the traditional 30-day notice period is being replaced by stronger tenant protections
- Learn about the “just cause” requirements for ending leases and the strict legal processes involved
- Understand the importance of local ordinances and how they can offer additional tenant protections
- Explore the impact of these legal changes on current renters and landlords in California
- Get insights into the broader implications for California’s housing market and rental development
In this episode of We Fixed Real Estate
California’s rental landscape is undergoing a major transformation, but what does it mean for you?
In this episode, we dive into the complexities of California’s new lease termination laws, the decline of traditional 30-day notices, and unpack “just cause” requirements. We’ll also explore the surprising impact of local ordinances and what these changes could mean for the future of housing in California. If you’re a renter or landlord, this is a must-listen to stay ahead of the curve!
Resources mentioned in this episode
EPISODE TRANSCRIPT
[00:00:00] AI Podcaster 1: Okay, so you guys have sent in some sources about California rental laws. And honestly this stuff could be confusing. I mean who hasn’t dealt with a lease at some point?
[00:00:09] AI Podcaster 2: Exactly.
[00:00:10] AI Podcaster 1: And in California, things are changing, especially when it comes to how those leases actually end.
[00:00:16] AI Podcaster 2: Absolutely.
[00:00:17] AI Podcaster 1: So let’s deep dive into this together and figure out what it all means for you.
[00:00:22] AI Podcaster 2: Let’s do it.
[00:00:23] AI Podcaster 1: One thing that jumped out from your sources was this question of landlords wanting to give those classic 30-day notices.
[00:00:30] AI Podcaster 2: Yeah.
[00:00:31] AI Podcaster 1: But it sounds like that’s not always an option anymore. What’s the deal?
[00:00:34] AI Podcaster 2: Yeah, so you’re right. Those days of the simple 30-day notices are kind of fading fast in California. Yeah.
The state has really shifted towards stronger tenant protections.
[00:00:43] AI Podcaster 1: Yeah.
[00:00:43] AI Podcaster 2: Particularly for folks who have been renting for a longer period.
[00:00:46] AI Podcaster 1: Interesting.
[00:00:47] AI Podcaster 2: And it’s directly tied to the housing situation.
[00:00:49] AI Podcaster 1: Mm-hmm.
[00:00:49] AI Podcaster 2: Rising rents and limited availability, all those are major factors driving these legal changes.
[00:00:55] AI Podcaster 1: So it’s not as simple as my lease is up, here’s your notice anymore.
[00:00:58] AI Podcaster 2: Right, exactly. For example, if you’ve been renting somewhere for over a year, that notice period jumps to 60 days.
[00:01:03] AI Podcaster 1: And if you’ve been there for two years or more, it goes all the way to 90 days.
[00:01:08] AI Podcaster 2: Wow, I had no idea those notice periods could get that long.
Okay, but say a landlord does want to end a lease. Maybe even to move back into the property themselves. Is there ever a situation, or that’s allowed?
[00:01:21] AI Podcaster 1: Yeah, there are definitely situations where a landlord might have grounds to end a lease, even with these new protections in place. But the key here is just cause.
They need a legally valid reason, something more than just wanting the place back for themselves.
[00:01:36] AI Podcaster 2: So what kind of just cause are we talking about?
[00:01:38] AI Podcaster 1: Well, imagine a landlord has a close family member who urgently needs to move in, or let’s say major renovations are needed, the kind that requires the place to be totally vacant.
Those are situations where a landlord might have a case. But even then, it’s not a slam dunk. They have to meet strict criteria, provide proper documentation, and often go through a legal process. It’s definitely more complex for landlords now. Okay, that makes sense. But for someone who’s been renting the same place for years, this must feel like a huge shift.
Like suddenly they’ve got more security than they used to.
[00:02:10] AI Podcaster 2: Absolutely. For long-term tenants, this is a major boost in terms of stability and protection against arbitrary evictions. But remember, even with these state-level changes, it’s crucial to check the specific ordinances in your city or county.
[00:02:25] AI Podcaster 1: Right.
[00:02:26] AI Podcaster 2: Some local laws are even stricter than the state’s offering even more protections for renters.
[00:02:30] AI Podcaster 1: So no matter which side of this you’re on, knowing the detailed rules in your specific location is super important.
[00:02:36] AI Podcaster 2: For sure.
[00:02:36] AI Podcaster 1: So let’s bring this all back to you. What does it mean for someone actually navigating the California rental scene right now?
[00:02:43] AI Podcaster 2: Well, I think the main takeaway here is that California is clearly prioritizing tenant rights and trying to stabilize the rental market. Those quick 30-day notices are largely a thing of the past. For renters, it means a greater sense of security, knowing you’ve got time to plan and aren’t going to be kicked out on a whim.
And for landlords, it means a need to be extra diligent, understand the specific legal grounds for ending a lease, and be prepared to navigate a potentially more complex process.
[00:03:11] AI Podcaster 1: It’s fascinating how this one legal change sheds light on the bigger housing picture in California. It makes you wonder what the long-termc effects will be.
[00:03:20] AI Podcaster 2: Exactly. Will this achieve the goal of creating more stable housing? Or will it potentially lead to landlords being more hesitant to rent in the first place?
[00:03:29] AI Podcaster 1: Interesting.
[00:03:29] AI Podcaster 2: And how might it impact future development or rental costs across the state? There’s a lot to consider here.
[00:03:35] AI Podcaster 1: Definitely food for thought. It’s clear California’s rental landscape is changing, and understanding these new laws is the first step in navigating it.
[00:03:42] AI Podcaster 2: Absolutely.