In 2024, California is seeing the implementation of several pivotal real estate laws that could significantly impact anyone — be it buyers, sellers, landlords, or tenants. At Deldar Legal, we are committed to guiding our clients through these new regulations, ensuring they are well-prepared and protected against any potential real estate fraud or misconduct. Read along and learn about the new real estate laws in California so you know what to expect!
Tenants’ Rights
The year introduces robust protections for tenants, reflecting California’s ongoing commitment to tenant security and welfare. If all goes right, these changes will enhance renters’ living conditions and rights across the state. The goal is to have more robust defenses against unfair practices in the following categories:
- Security Deposit Limitations – Assembly Bill 12 sets a significant limit on the amount landlords can request for security deposits—capping it at only one month’s rent in addition to the first month’s rent. This change hopes to make housing more accessible and affordable. Another potential benefit is preventing financial barriers that can exclude renters from securing a home. Also, California landlords cannot discriminate based on the applicant’s source of income. This includes mandated consideration for Section 8 applicants. The state wants potential tenants evaluated without bias toward their financial support mechanisms.
- No “Crime-Free” Housing Programs – Assembly Bill 1418 takes a bold step by prohibiting cities and counties from implementing “crime-free” housing programs and related nuisance ordinances. These programs previously allowed for the eviction or refusal to rent to individuals with prior criminal convictions, often leading to discrimination and difficulties in rehabilitation. This law supports reintegration and prevents unjust discrimination against individuals trying to rebuild their lives.
- Accommodating Physically Disabled Tenants – With Assembly Bill 1620, local jurisdictions may now require landlords to accommodate physically disabled tenants. Specifically, landlords lacking elevators must allow these tenants to move to similar ground-floor units without changing the rent rate or lease terms.
Understanding these new provisions is crucial for tenants to safeguard their rights and ensure fair rental treatment. Deldar Legal leads our through these changes, guaranteeing that tenants’ rights are protected and upheld.
Sale of ADUs
A significant shift in real estate comes with the passage of Assembly Bill 1033, which allows for the sale of Accessory Dwelling Units (ADUs) separately from the main property. This law potentially transforms a single-family lot into a multi-unit property, promoting higher density and homeownership opportunities. For homeowners looking to sell or purchase an ADU, this change opens up new avenues for investment and residence.
Fire Hazard Disclosures
The introduction of Assembly Bill 1280 extends the requirements for disclosing fire hazards associated with properties. Sellers must provide detailed information about the property’s location in various fire hazard severity zones. These disclosures will inform buyers and help them prepare for potential risks. For property owners, these new requirements emphasize the importance of compliance and complete transparency in real estate transactions.
Transparency on House Flipping
Assembly Bill 968 addresses the transparency required in house flipping transactions. Sellers who flip a home within 18 months must now disclose all repairs and renovations, including contractor details and permit statuses. This law protects buyers from deceptive practices and ensures they are fully informed about the property’s condition before purchasing.
Closing Thoughts
As these new real estate laws in California continue, Deldar Legal remains a steadfast partner for anyone affected by these changes. Whether you are a tenant, a homeowner, a buyer, or a seller, understanding and adapting to these new laws is crucial. And if you or a loved one is ever a victim of real estate fraud, we have a team of trustworthy attorneys on standby.
If you have any questions about how these new real estate laws in California might affect you, contact us today! Our knowledgeable team is here to provide you with the legal help you need. Call us anytime at (844) 335-3271 to schedule a free consultation. We handle every case with the utmost professional care and practices.
Tagged with: California Laws, Mortgage Fraud, Real Estate Law
Posted in: Real Estate Fraud