LA Rentals in Chaos: Bidding Wars and Rent Gouging on the Rise The Los Angeles rental market is reaching a breaking point. With skyrocketing demand and a tight housing supply, tenants are now ...
Landlords who find themselves the recipient of a bidding war for rental housing are breaking the law if they accept abnormally high offers according to California Attorney General Rob Bonta.
The Los Angeles wildfires are pitting neighbors against each other in a cutthroat search for rental housing. The fires have killed at least 25 people and flattened or damaged thousands of homes.
But price-gouging laws can’t prevent bidding wars. Many prospective tenants are offering to pay above the listed rent or pay multiple months of rent upfront, said Patrick Michael, founder of LA ...
Mr Pennycook said the Government's changes to the Bill would 'prevent unscrupulous landlords from using rent in advance to either set tenants against each other in de facto bidding wars ...
(MENAFN- EIN Presswire) OAKLAND - California Attorney General Rob Bonta today issued a consumer alert reminding landlords in the state that rental bidding wars resulting in unlawful price ...
explicitly saying that the price-gouging law applies to bidding wars, with landlords unable to accept offers that result in rent exceeding the limits otherwise set by the law. “The bottom line ...
Oakland, CA–California Attorney General Rob Bonta Saturday issued a consumer alert reminding landlords in California that rental bidding wars resulting in unlawful price increases are prohibited under ...