Cozen O’Connor: Beware of Rent Control Coming to Northern California

Beware of Rent Control Coming to Northern California

Monday, February 5, 2018

Richard Close, a member of Cozen O’Connor’s Real Estate Practice Group, discusses why the damage caused by mudslides, flooding, heat waves, and wildfires to homes and infrastructure throughout Northern California could ultimately lead to a need for rent control in Super Lawyers. According to Richard, inadequate insurance and the lack of viable contractors and architects to fix damages have created “the perfect storm.” Rent is skyrocketing due to the huge demand for housing. “To those landlords that are taking advantage of the situation, know that doing so equals a necessary governmental intervention. The only mechanism that the local governments have, unfortunately, is rent control,” Richard explains.

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