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A ‘unique’ opportunity for investors spells mass eviction for tenants (latimes.com)

 

Owners can evict tenants this way because they only need to give 30 or 60 days notice to terminate a month-to-month lease, unless municipalities have “just cause” protections, which accompany rent-control laws in about a dozen California cities.

The notices aren’t public records, so it’s impossible to know how many mass evictions take place. An eviction like those at The Driftwood only becomes public if the tenant doesn’t leave and the landlord files a lawsuit, which usually happens when someone doesn’t pay rent.

In rent-control cities, landlords generally can’t tell rule-following tenants to leave unless they pay a relocation fee and convert the units to condos or demolish the building. In Los Angeles last year, owners filed to remove 1,802 rent-controlled units from the market — a 31% increase from 2016.

To read more of Andrew Khouri's article, please click here.

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