Indeed a confusing period with the CA AB832. Yes we want to extend the tenant protection since many of them suffered losses from the Pandemic, and the AB832 is a great bill to offer government assistance. During the last whole year, many of the small landlord/buy n hold investors were hurting too. What started of being part of the retirement cash flow are either completely non-paying or under-paying. And they may have to file forbearance to get by. All of a sudden, it is an endless source of financial worries. Fortunately, AB832 covers these investors as well and it goes retroactively back to April 2020, and forward to 9/30/21. The only catch is, owner cannot apply on his/her own, need to apply along with the tenant.
Question arise in all sorts of situations which may be subject to interpretation and therefore very confusing on what is/isn’t allowed. Video has some possible moves landlord can make, but most are so tricky one would need legal advice to proceed. Safest is to wait till moratorium expires and then follow normal procedure. If that does not work for your situation, then seek legal advice. I can always be a good sounding board, but cannot provide legal advice.
To apply for assistance, along with your tenant, visit: https://housing.ca.gov/ (HousingIsKey website)
To see Governor Newsom announcement of AB832: https://www.gov.ca.gov/2021/06/28/governor-newsom-signs-nation-leading-rent-relief-program-for-low-income-tenants-eviction-moratorium-extension-additional-legislation/
To see AB832 bill text, see: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB832
And I always welcome your comment, like or subscription. Let me know what questions you have and I can chime in with what I know. Thx!
Michael.Chu@exprealty.com
Zen Realtor Serving Silicon Valley
Know anyone buying/selling/investing? Send them my way and I will reward you with a gift upon COE. (Or $1,000 donation to charity of your choice, in your name)
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