Landlord Workshop: Mills Act & Rent Adjustment [recap]

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.

Read more

Mills Act for Multifamily Preservation Picks Up Steam

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!

Read more

RSO Study Session #4: Council Presses Pause Button

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.

Read more