Gentrification in Boyle Heights

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Gentrification in Boyle Heights

NBC recently wrote an article on gentrification in Boyle Heights. Most of Boyle Heights falls within the City of Los Angeles and many of the units would be subject to the Los Angeles Rent Stabilization Ordinance (the formal name of Los Angeles’ rent control). The LARSO sets forth a variety of reasons that a landlord can evict a tenant including but not limited to non-payment of rent, material breaches of the lease, and nuisances.

Further, the LARSO protects tenants in Los Angeles from unlawful rent increases. Currently, a landlord may increase the rent by 3.00% a year (although each year it can change based upon inflation). However, as a way around Los Angeles’ rent control, many landlords are offering payouts and tenant relocation payments. These agreements are not unlawful if they are done correctly.

The NBC article is Gentrification In L.A.’s Boyle Heights Leaves Some Lations Threatened, Others Hopeful.

If you have been asked to sign a relocation payment agreement or are a landlord looking to “buy” your tenant’s tenancy, please call Attorney Anthony Marinaccio at 818-839-5220 to set up an appointment.

By | 2017-12-02T02:58:42+00:00 November 15th, 2017|Landlord-Tenant, Real Estate|Comments Off on Gentrification in Boyle Heights