A Bay Area developer has agreed to lower rent for several tenants and pay hundreds of thousands of dollars in fines and penalties as part of California's first settlement under the Tenant Protection Act, the state attorney general announced Friday.
A Bay Area developer has agreed to lower rent for several tenants and pay hundreds of thousands of dollars in fines and penalties as part of California’s first settlement under the Tenant Protection Act, the state attorney general announced Friday.
Under the law, also known as AB 1482, which was signed in 2019, rent increases cannot exceed 5% plus the percent change in the consumer price index or 10% overall — whichever is lower. The act also bars landlords from evicting tenants without just cause, such as not paying rent or participating in destroying the property.“Because of that critical legislation, impacted Green Valley employee tenants are getting financial relief,” Atty. Gen. Rob Bonta said in a prepared statement.
The company will pay more than $330,000 back to the tenants plus $60,000 in penalties. Reduced rent rates were restored for three employees who continue to live on company property, officials said. The company must also train its staff on California’s housing laws annually for the next five years as part of the settlement. Swenson declined to comment on the settlement Friday.
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