Mills Act – Renters Alliance

Our Recap of the Landlord Mills Act & Rent Adjustment Workshop

October 19, 2019July 5, 2024 Mark Elliot Community Education Workshops, historic preservation, Mills Act, rent adjustment

City of Beverly Hills held its second landlord education workshop and on the agenda were the city’s Mills Act historic preservation incentive and the rent stabilization ordinance’s rent adjustment process. The Mills Act is a tool our city can use to encourage the maintenance and preservation of local register-eligible multifamily apartments. The rent adjustment allows a landlord to petition for a rent increase higher than would otherwise be allowed.

News

Mills Act for Multifamily Preservation Picks Up Steam

May 5, 2019June 22, 2019 Mark Elliot 332-336 N Oakhurst, historic preservation, John Mirisch, Mills Act

Mayor John Mirish has been preservation-minded when it comes to multifamily rental properties. Toward that end he has championed the state’s Mills Act tax-incentive program: give an owner a break on his property tax and contractually bind him to investing in the restoration and rehabilitation of the property. His initiative is picking up steam!

Explainer

Mills Act: The Key to Multifamily Preservation?

January 25, 2019June 21, 2019 Mark Elliot Mills Act

The Mills Act is a state tax incentive that allows a locality to reduce the local tax obligation incurred by

Process

RSO Study Session #4: Council Presses Pause Button

December 23, 2018June 22, 2019 Mark Elliot duplex exemption, max increase, Mills Act, probationary tenancy, recap, relocation fees, RSO study session

City Council will revisit rent stabilization at its upcoming February 5th meeting. That could be the final discussion on the next rent stabilization ordinance. Key policy choices lie ahead, though, and we have not even addressed several issues important to tenants. That’s why we urged City Council to press the pause button at the December 18th meeting. This is our recap of that meeting.

Explainer

My Landlord is Asking for an Estoppel. Need I Sign It?

July 16, 2024July 29, 2024 Mark Elliot

An estoppel certificate is a legal document that simply establishes the terms and status of a rental agreement (or lease) for a third party like a prospective buyer. Typically a tenant is asked to complete an estoppel when purchase negotiations advance and that request may come from the current owner or an agent working on behalf of a prospective buyer. It is nothing to fear; it is a standard step in the sale of real property. In any case the lease or rental agreement may require the tenant to complete it. When presented with an estoppel to complete and sign you may have questions. Here is what you need to know.

Explainer