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Special Report: California Prop 21

Potential Changes Under Proposition 21

•Enables local governments to enact new rent control measures.
•Controls rent during tenant turnover rather than allowing market rent to reset upon vacancy.
•Limits rent increases to 15 percent plus local allowance when a new renter moves in.
•Opens door for nearly all rentals with a certificate of occupancy more than 15 years ago to be rent controlled.
•No path to achieving market rents, reducing likelihood of rein-vestment potential.

Click here to read the full report on Prop 21

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