In late June a federal appeals court upheld a 2020 California law that forces property owners who legally evict tenants to pay them one month’s rent. According to FOX Business, Under the law, rent increases are limited to 10% a year in areas without rent control and it requires financial assistance to renters who were evicted because the owner decided to move or convert the property into a condo.
An owners’ group, Better Housing for Long Beach, filed the lawsuit against the state, arguing that requiring payments to legally evicted tenants amounted to confiscating their property. It is not yet known if the group will appeal the ruling to the U.S. Supreme Court. Stay tuned…
Click here to read the full story at FOX Business.
