WARNING: YOU CANNOT INCREASE THE RENT FOR YOUR VACANT UNITS!

RENT CONTROL is Back on the California Ballot this November:  Please Contribute Today to Stop It Before It’s Too Late!

A new ballot initiative we’re calling “Weinstein 3.0” or known as the “Justice for Renters Act,” if passed, will drastically expand local rent control laws in California by repealing ALL the protections we now have under the Costa-Hawkins Rental Housing Act of 1995.  This new ballot initiative is an extremely dangerous threat to all rental housing providers!  If passed:

• Your right to increase rent to market upon a tenant’s vacancy will be eliminated– vacancy de-control will no longer exist! You will never catch up with the going market rate.
• Rent control will be expanded to single-family homes and condominiums, and to new construction.
• Will result in the loss of local revenues leaving less funding for our schools, police and fire departments.
• Unelected bureaucrats (rent control boards) will assess new fees on property owners and renters.
• Will significantly REDUCE the value of your rental property and your rental income. Impacts from no vacancy de-control in New York City has reduced property values 35%-40% or more!

The Apartment Association of Greater Los Angeles (AAGLA) strongly OPPOSES this latest ballot initiative and we are launching a statewide opposition campaign to defeat this latest threat to our property rights.  JOIN US IN THIS FIGHT TODAY! Help us to oppose the Justice for Renters Act – this is an injustice to all property owners.

Our campaign to stop rent control’s expansion and defeat this new ballot initiative will cost $80++ million.  Therefore, we are suggesting that each of our members help in the fight by contributing as much as possible with a target of at least $100.00 PER UNIT to defeat the initiative’s well-financed proponents.  Every dollar counts!  100% of funds received will be used in the fight to oppose the initiative.  Give us the resources we need to defeat this ill-conceived ballot initiative!  Please contribute today.  Don’t delay!

Mail in your contribution today using the enclosed envelope.  Make your check payable  to:  Issues PAC of AAGLA, c/o Reed & Davidson, LLP, 515 South Figueroa Street, Suite 1110, Los Angeles, California 90071-3301; Attn. Cary Davidson, Treasurer, or contribute online at: https://secure.anedot.com/aaglaissuespac/donate.  For more information call us at (213) 384-4131.