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California extends eviction moratorium until 2021

September 1, 2020

California Gov. Gavin Newsom signed into law on Monday an extension of the state’s eviction moratorium, which will allow many renters to not pay rent and still stay in their homes until early 2021.

Under AB 3088, no tenant can be evicted before Feb. 1, 2021 for failure to pay rent due to a coronavirus related hardship accrued between March 4 and Aug. 31. For coronavirus related hardships accrued between Sept. 1 and Jan. 31, 2021, tenants must pay at least 25 percent of rent to avoid eviction.

Tenants remain responsible for paying the total amount of rent owed to landlords, but unpaid rent cannot currently serve as the basis for eviction. Landlords may begin to recover the debts on March 1, 2021.

AB 3088 also extends anti-foreclosure protections for small landlords.

“Renters need protection from evictions when they can’t pay rent due to COVD-19,” Newsom stated in a tweet. “Property owners need help to avoid foreclosure. AB 3088 will do both — but is a temporary solution to a more permanent problem. The federal government must step up and help.”


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I get the point of this but I have not read anything about the landlord’s ability or inability to keep up with his or her mortgage payments. Contrary to what the Marxists and socialists believe, every landlord is not a multi millionaire.


So, does this legislation do anything with the banks and mortgage companies holding paper on these rental properties?


I’m gonna go back and read it again but I didn’t see anything about that.


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After some more thought I believe there is multiple reasons the cities , counties, and state have extended the rent relief policy .

If the gov can get 100k or 200k etc etc rental property owners to sell Bingo ,,, big jump in property taxes collected as sold rental property will be taxed at current sales price .

In Folsom a suberb of Sacramento one company I know of owns over 1700 rental homes not apartments almost all of them bought during the fallout prior to 2010 and most were foreclosures bought for pennies on the dollar ….I’ll bet the gov would like to see those rentals sold and taxed on sale price


7

Eviction protections lapse: “why isn’t the government helping us?”

A government extends eviction protections: “it’s communism!”


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