- Rent Cap. A cap on annual rent increases set at 5% plus inflation, up to a maximum of 10% per year.This cap applies retroactively to all rent increases since March 15, 2019.Any rent increases initiated on or after that date will count toward the rent cap, and if over the maximum, will have to be rolled back effective January 1, 2020.
- Just Cause. A prohibition on evictions without “just cause.”Landlords can no longer terminate month-to-month tenancies at will and may now only evict tenants for one of 15 specific reasons. The permissible reasons are divided into two categories: “at fault” and “no fault.”
- “At fault” termination is generally allowed when tenants have breached their lease and does not require the payment of relocation assistance. “At fault” reasons include non-payment of rent, nuisance, criminal activity, refusal to allow entry, and breach of a material term of the lease.
- “No fault” termination is allowed even when the tenant has not breached the lease and will require the landlord to pay one month’s rent in relocation assistance. “No fault” reasons include an owner or family member intending to occupy the property, withdrawal from the rental market, substantial remodeling and compliance with a government order to vacate the property,
- Exemptions. The bill’s just cause eviction provisions only protect tenants who have been in possession for a year or more. Certain types of housing are exempt including:
- Single family homes and condos if:
- Tenants have received notice of the exemption and,
- The owner is not a REIT, corporation, or LLC owned wholly or in part by a corporation
- Homes built within the last 15 years
- Owner-occupied duplexes
- Owner-occupied single-family homes where two or fewer rooms are rented out (exempt from just cause but not rent cap)
- Government assisted housing
A famous salesman once said that selling is essentially a transfer of feelings.
Most people love and cherish their home. Homeowners want the next owner to fall in love with it, too—through photos, words, and the experience of walking in the front door. But, perhaps most, sellers want the right asking price.
This isn’t a small task. Selling a home requires work. It requires time. The journey isn’t always easy. There will be frustrations. But when a homeowner can seal the deal and move on to the next chapter — wow, what a blissful feeling that is.
Know exactly what is desired First things first:
Know what is wanted (and what your partner wants) in order to sell a home with minimum frustration. Why is the move necessary? What are the expectations from the process? When should the ‘For Sale’ sign be placed in the yard? Unless the home was purchase last week, the housing market changed since you became a homeowner. Mortgage rates fluctuate, inventory shifts over time— these are just a few of the factors that affect the state of the market, and every market is unique. Become educated on what to expect.
Interview and select an agent
This is the most important relationship on the home-selling journey. Pick the right agent and there’s a good chance of receiving the better sales price for the house.
Pricing the home
How much is the home worth? That’s the…$300,000 question. Whatever the number, you need to know it. This is how an agent will help pinpoint the price.
Prep and market the home for selling
The best-marketed homes have beautiful photos and compelling property descriptions, so they can receive likes — which can amount to buyer interest on social media. Some agents even use videos, virtual tours, texts, and audio messages.
Showcase the home
One of the best ways to get buyers in the door is to have an open house. This is the chance to show off a home’s best assets, and help buyers envision themselves living there. Know how your agent will organize, advertise and host the event to ensure it’s a success.
Negotiate home inspection repairs
Most purchase agreements are contingent on a home inspection (plus an appraisal, which will be managed by the buyer’s lender). This gives the buyer the ability to inspect the home from top to bottom and request repairs — some even could be required per building codes. The upshot: You have some room to negotiate, including about certain repairs.
Close the Sale
Settlement, or closing, is the last step in the home-selling process. This is where the final paperwork is signed, the whole process becomes official and the seller collects their check. Before that can happen though, you’ll have to prepare your home for the buyer’s final walk-through and troubleshoot any last-minute issues.
Fair Housing and Racial Integration
In 1963, Dr. Martin Luther King, Jr., shared with the world his dream of a colorblind society — one that focuses on his children’s character, not on their complexion. America has certainly come closer to realizing Dr. King’s vision. But segregation and discrimination continue to persist.
Views on systemic racism also differ sharply across racial lines. According to a survey by the Pew Research Center, 92 percent of blacks said that “whites benefit a great deal or a fair amount from advantages that blacks do not have.” In contrast, only 46 percent of whites agreed with that statement.
Nonetheless, it’s important to recognize the racial harmony we’ve achieved — in our workplaces, in our schools, in our voting booths. To that end, WalletHub measured the gaps between blacks and whites across 23 key indicators of equality and integration in each of the 50 states and the District of Columbia.
50th Anniversary of Fair Housing Commemoration Video: https://lnkd.in/gZpupXK || In 2018, the National Association of REALTORS® will join with our partners and allies to commemorate the 50th Anniversary of the Fair Housing Act. The commemoration will focus on these main elements:
- Understanding how we as a nation are constantly improving our commitment to fair housing and property rights by acknowledging our history and recognizing champions for fair housing. (January – March 2018)
- Commemorating the passage of the Fair Housing Act and actions to realize the promise of the law. (April – May 2018)
- Embracing our role in the forefront of advancing fair housing and leading efforts to address community fair housing issues. (June – December 2018)
Fair Housing: Promises of a Century
With Martin Luther King, Jr. Day around the corner and 92 percent of blacks saying whites benefit a great deal or a fair amount from advantages not available to blacks – versus 46 percent of whites who agreed with that statement – the personal-finance website WalletHub conducted an in-depth analysis of 2018’s States with the Most Racial Progress.
To measure America’s progress in harmonizing racial groups, WalletHub measured the gaps between blacks and whites across 23 key indicators of equality and integration in each of the 50 states and the District of Columbia. The data set ranges from median annual income to standardized-test scores to voter turnout.
This report examines the differences between only blacks and whites in light of the high-profile police-brutality incidents that sparked the Black Lives Matter movement and the holiday honoring Dr. Martin Luther King, Jr., who played a prominent role in the Civil Rights Movement to end segregation and discrimination against blacks.
Fair Housing: Promises of a Century