Starting Aug. 1, landlords who own multi-family residential rental housing in buildings consisting of at least four units in Long Beach are required to pay relocation assistance to tenants.
Landlords of multi-family rental units must provide relocation assistance payments of up to $4,500 to tenants displaced through no fault of their own, the city stated in a press release.
A tenant receiving notice of rent increases totaling 10% or more in any 12-month period are grounds for the new ordinance, according to the city.
The ordinance also states that landlords are exempt from relocation requirements if a landlord owns only one building of exactly four units and occupies a unit in the building as their primary residence.
“Payments are required to be equal to two times the citywide average small-area, fair-market rents established by the Housing Authority of the City of Long Beach, up to a maximum of $4,500,” the city stated in a press release.
To learn more about the ordinance, including the necessary forms, click here.
And how is this not going to contribute to rental increases and make it even harder for low income families to find places to stay?
How about the surrounding area ? Lakewood?