The attorney -general in California is tailored to renting price guts
According to the office of the attorney general, the agent reportedly tried to praise a family that was evacuated because of the Los Angeles Eaton Fire. The allegations are the result of an assessment of complaints received by the California Department of Justice (Doj). Through the investigation, the office -general office that after evacuated in the Eaton Fire, the family contacted with their broker to find a rental properties and inquired about a house in Glendale.
The agent who represents the rental properties, the family offered a new price for the rent “that exceeds the listing price by more than 50%, which is more than the 10% limit that is laid down in section 396 of the criminal law, while the care providers of The governor within his effect, “said the office of the attorney general.
“In the light of the natural disaster we should come together to help our neighbors, try not to take advantage of their pain,” Bonta said in a statement. “Today’s costs are another example of Doj’s dedication to put an end to price guts.”
The State Doj currently has various active investigations into Open Gutsen and the office of the Attorney General said that the Department will continue to increase the use of resources in Los Angeles County to price guts, fraud, scams, scams and unsolicited low-ball offers to stay on property during the state of emergency.
Those who turn out to be contrary to the price statute are subject to criminal prosecution, which can lead to a year in prison in the prison of the province and/or a fine of a maximum of $ 10,000. Civil enforcement actions can lead to fines of a maximum of $ 2,500 per violation.
This is the second broker in the state accused of pricing with regard to the forest fires in Los Angeles. Last Wednesday, the Bonta office filed charges against another agent. In that study, the California Doj discovered that after a few had applied a few to rent a house, they were informed that the price had risen by 38%.
The office of the attorney general said that the Californian Doj sent more than 650 prize -gut -off warning letters to hotels and landlords. The price guts restrictions will remain in force until March 8.
Although there is still an official number to be added, it is expected that tens of thousands of houses have been lost in the LA fires. Although the effects vary per market, the supply has shrunk in many neighborhoods and the demand for rental properties has been raised.
Data from Altos Research shows that the LA Metro area has a median house price of almost $ 1.5 million, with much higher prices in prosperous neighborhoods such as Pacific Palisades that are decimated by the fires. But the inventory has increased and the conditions give sellers in many areas.
John Graff, the CEO of Ashby & Graff Real Estate in LA, recently told Housingwire that the search for temporary housing will be ‘problematic’, even because many people try to rebuild.
“The housing stock here – both rent and for purchase – is incredibly short and the prices are incredibly high,” said Graff. “It is clear that there will be anti-gold measures to prevent everything that is nasty, but the prices are still what they are.”
