AgdaPkt 2019-10-28 Joint SA PFA - Laserfiche WebLink

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8.A. - Page 23 of 24 (4) Residential real property that is alienable separate from the title to any other dwelling unit or is a subdivided interest in a subdivision as specified in subdivision (b), (d), or (f) of Section 11004.5 of the Business and Professions Code, provided that the following applies: (A) The owner is not any of the following: (i) A real estate investment trust, as defined in Section 856 of the Internal Revenue Code. (ii) A corporation. (iii) A limited liability company in which at least one member is a corporation. (5) A duplex in which the owner occupied one of the units as the owner's principal place of residence at the beginning of the tenancy, so long as the owner continues in occupancy. (e) An owner shall provide notice of any increase in the rental rate, pursuant to subdivision (a), to each tenant in accordance with Section 827. (f) For the purposes of this section, the following definitions shall apply: (1) "Owner" and "residential real property" shall have the same meaning as those terms are defined in Section 1954.51. (2) "Tenancy" means the lawful occupation of residential real property and includes a lease or sublease. (g) (1) This section shall apply to all rent increases subject to subdivision (a) effective on or after October 29, 2019. This section shall become operative October 29, 2019. (2) In the event that an owner has sent any rent increase notice on or after September 1, 2019 to increase the rent effective on or after October 29, 2019, the increased rent may not be by more than the amount permissible under subdivision (a) and the rental rate increase will be deemed to be the rental rate increase permitted by subdivision (a). (h) Any waiver of the rights under this section shall be void as contrary to public policy. Page 12 of 12 ATTY/ORD.505/CC URGENCY ORDINANCE RENTAL REV: 10-24-19 VR 143