By Staci Caplan
2020 President
Santa Barbara Association of REALTORS®
Your Santa Barbara Association of REALTORS® is pleased that the Santa Barbara City Council agreed this week to take a measured approach before considering whether to take action to further tighten the tenant-landlord laws beyond those already in place.
REALTORS® represent both tenants and landlords, and we are very concerned about the unintended consequences of pushing forward with another level of regulation regarding rental property. Most recently in effect is the statewide rent cap of 5% plus CPI (consumer price index); locally, implemented last fall, are just cause and the requirement to offer a mandatory year lease renewal (for tenants in the property more than one year) – all very big changes within the last six months.