There are a number of laws you should know about when it comes to renting in Los Angeles. As a tenant, you have many rights afforded to you by law, and they appear to be heavily in your favor. However, your landlord also has rights, and knowing as much as you can on the following 4 laws will make you better prepared for renting your apartment and avoiding surprises:
1. Interest on Security Deposit
If you rent in Los Angeles, your landlord is required to pay interest per year on your security deposit. This benefits the tenant because all that money could potentially be yours when you move out, as long as there are no damages to the property and you don’t owe any back rent. And if you do owe money, you’ll have more to pay towards it because of the interest that accrued. Your lease will determine how often this interest gets paid out, whether monthly or yearly. By law, the landlord must pay the interest to the tenant at least once every five years. Many cities don’t make this a requirement, making it one benefit of renting in Los Angeles.
2. Late Fees
City ordinances don’t allow for a grace period after the rent is due. That’s up to the landlord and would need to be stated in the lease agreement. Otherwise, you can be charged a late fee if you pay rent a day or more later than when it’s due. Landlords are allowed to apply late fees to rent payments for any tenant renting in Los Angeles, and the amount is agreed upon prior in the lease agreement.
A tenant renting in Los Angeles can be evicted based on the following:
- Illegal activities
- Non-payment of rent
- Subletting without approval
- Violation of a term in the lease
- Refusal to extend or renew lease
- To stop renting that unit altogether
- To comply with the Los Angeles Municipal Code
A few of these reasons for evictions will require your landlord to fill out a form to get approval from the Rent Stabilization Division. The landlord must also serve a tenant with an appropriate Notice of Eviction or Notice to Quit.
4. Landlord Wants to Live there
You are taking a risk when you’re renting in Los Angeles if a landlord wants to evict you in order to live in the apartment. This is not far fetched, especially in an economic recession and when the state as a whole is financially bankrupt. As long as a landlord can show that they want to live there in good faith, such as financial hardship, and just because they want to kick you out of the apartment, they are likely to be able to move in. This also applies to the landlord’s spouse or parents. For example, if the landlord wants to move a parent into the apartment for the same reasons, then you’re out as a tenant.
Make plans to deal with the impact of each of these laws if you plan on renting in Los Angeles. Understand your lease carefully, as you will be bound to it in areas not covered by city ordinances.