Industry members are urging opposition to California Senate Bill 436, the Keeping Californians Housed Act, as it comes up for consideration by the Assembly after passage in the Senate. If enacted, the bill would extend California’s notice period for nonpayment of rent from three days to 14 days.
In a mailing to industry members, Marcus & Millichap’s Los Angeles-based SK Group warned that the measure would “severely [delay] your ability to collect rent or evict tenants for non-payment, nuisance, or even criminal activity.” The California Apartment Association has also opposed the bill, saying that it would “delay rent payments and make landlords effectively operate as creditors — a role that many property owners, particularly small operators, are neither willing nor financially equipped to assume.”
The bill is scheduled for a hearing by the Assembly Judiciary Committee on Tuesday, June 24, as an initial step toward a vote by the full Assembly.
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