The Palo Alto City Council is expected to officially adopt a just-cause eviction ordinance that would greatly expand renter protections in the city far beyond what it now required by state law.
"For a small property owner, it's a burden," says Benjamin Cintz who helps manage two rental properties owned by his family.
Once a tenant is covered by just-cause eviction protections, property owners have two options. First, they can demonstrate that a tenant broke a provision of the lease like not paying the rent or damaging the unit. Second, if a tenant is evicted for what's known as"no fault" like if the property is being renovated, they're entitled to rental assistance and moving expenses.
But a spokesperson for the California Apartment Association says the underlying problem is the lack of affordable housing -- something this new law will not fix.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Palo Alto Networks shares surge after earnings, Napco Security tumbles and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Weiterlesen »
Palo Alto Networks shares surge after earnings, Tesla climbs and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Weiterlesen »
Dow futures higher; Jackson Hole in spotlight, Palo Alto surges By Investing.comDow futures higher; Jackson Hole in spotlight, Palo Alto surges
Weiterlesen »
Stocks making the biggest premarket moves: Palo Alto Networks, Earthstone Energy, Nvidia, VMware and moreThese are the stocks posting the largest moves in the premarket.
Weiterlesen »
Here are Monday's biggest analyst calls: Apple, Amazon, Nvidia, Disney, Salesforce, Palo Alto & moreHere are Monday's biggest calls on Wall Street.
Weiterlesen »
Palo Alto, Tesla, Nvidia rise premarket; Napco, Nikola fall By Investing.comPalo Alto, Tesla, Nvidia rise premarket; Napco, Nikola fall
Weiterlesen »