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New Calif. laws protect renters

Posted by The Aramco Group on Sun, Jan 8, 2017 @ 14:01 PM

A bug infestation in a home can leave tenants wakeful, worried and tends to be one of the top concerns for renters in California – so much so that it led to State's legislators taking action. Begun on January 1, 2017, California law makes it illegal for a landlord to show, rent or lease a dwelling if there is a known infestation, namely bed bugs.

California Assembly Bill 551, the "Bed Bug Bill", joins AB 2093 in a series of new laws that protect home buyers and renters. AB 2093 was signed by Governor Jerry Brown on September 16, 2016 and also went into effect as of the first of the year. The amendment to the California Civil Code requires that landlords disclose on every commercial lease whether the property has met all construction-related accessibility standards. If and how these legalities will affect the rental market is unknown. Prices for rental homes continue to climb as many Californians find homes for sale scarce and expensive.

Today, conforming no-point 30-year fixed rates are averaging 4.125 percent while the 15-year rates are near 3.375 percent.

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