Defeat Assembly Bill 1436
YOUR IMMEDIATE ATTENTION REQUIRED: ACT NOW TO HELP DEFEAT ASSEMBLY BILL 1436
Assembly Bill 1436 POSTPONES PAST DUE RENT COLLECTION FOR 15-MONTHS PAST THE DATE THE STATE OF EMERGENCY IS LIFTED, OR UNTIL MARCH 31, 2022 (WHICHEVER COMES FIRST)…AND, WITH NO INTEREST! Let our State Legislature know thy must OPPOSE ASSEMBLY BILL 1436.
This year’s Legislative session has been shortened due to COVID-19. Accordingly, all legislative activity is occurring very rapidly and our regular lobbying efforts and personal interaction with our legislators has been severely curtailed. That means direct contact to your Legislator is far more important than ever before and is critical. Although numerous damaging proposed bills have been stopped, there are several that remain and if passed, will adversely affect eviction rights, rent collections and other issues. PLEASE, NOW IS THE TIME TO TAKE ACTION. The Legislature needs to hear from its constituents on Assembly Bill 1436 and many others we will soon be contacting you about. For the rest of this month, we may ask you many times to help us and contact our State Legislature on several proposed bills. Please, please, help us and LET OUR STATE LEGISLATURE HEAR FROM YOU. We will be contacting you several times throughout the duration of this shortened legislative session, which ends on August 31st (unless extended).
The next hearing before the Senate Judiciary Committee for Assembly Bill 1436 (Chiu) will be on August 18th. It is, therefore, important that you contact our legislators and tell them to OPPOSE ASSEMBLY BILL 1436. So, please call or email your Assembly Member (see list below) and urge them to vote NO ON ASSEMBLY BILL 1436!
Here is why WE MUST STOP ASSEMBLY BILL 1436:
Assembly Bill 1436 GIVES TENANTS UP TO 15-MONTHS FROM THE LIFTING OF THE COVID-19 EMERGENCY DECLARATION OR UNTIL MARCH 31, 2022 (WHICHEVER IS EARLIER) TO REPAY PAST DUE RENT WITHOUT INTEREST OR LATE FEES. YOU are being forced into giving what is an interest free loan to your tenants. Assembly Bill 1436 is merely private welfare.
As a property owner, YOU would not be allowed to evict YOUR tenants during the 15-month period or until March 31, 2022 (whichever comes first) for nonpayment of rent. Postponing your ability to collect rent for years will both decrease the likelihood that you will ever collect all or a major portion of past due rent, and the extended payback “scheme” will significantly reduce YOUR income.
Although this proposed bill requires tenants to submit a written statement that they are unable to pay their rent due to COVID-19 impacts, it DOES NOT REQUIRE ANY DOCUMENTATION BE PROVIDED AS PROOF. As a result, most tenants will claim that they cannot pay their rent due to COVID-19 impacts because they have no obligation to submit any documentation proving their claim, nor is there any recourse for making false statements.
For decades we in the multifamily rental housing industry have been unfairly targeted by impossible regulatory burdens, and ASSEMBLY BILL 1436 DOUBLES DOWN ON THESE UNFAIR BUFDENS. Assembly Bill 1436 imposes significant burdens on ALL rental property owners and provides no relief in the form of financial assistance for lost revenue and resulting increased costs.
Despite a recent addition of loan forbearance, which may be costly and harm your credit, ASSEMBLY BILL 1436 POSES SIGNIFICANT HARM to ALL rental property owners and will only exacerbate the state’s current housing crisis. ASSEMBLY BILL 1436 MIGHT JUST BE THE FINAL STRAW AND IS A BANKRUPTCY BILL FOR THE RENTAL HOUSING INDUSTRY.
PLEASE…Take immediate action today and send an email to one or more of the Legislators below or call them via telephone. We recommend email because legislative offices are virtually closed during the pandemic.
PLEASE…Contact one or more of the State Senators listed below and TELL THEM the following information:
Your name and where you live, work or own property (which may or may not be in the Assembly Member’s district).
You are a member of the Apartment Association of Greater Los Angeles
Tell them Assembly Bill 1436 may force you into foreclosure and that you want to urge the State Senator to VOTE NO ON ASSEMBLY MEMBER CHUI’S ASSEMBLY BILL 1436.
Close by thanking the Senator for consideration of your request.
WHO SHOULD YOU CONTACT?
Southland’s Senators on Senate Judiciary Committee
(Remember: The Hearing is on August 18th – Please Contact These Legislators)
Senator Maria Elena Durazo
Telephone: (916) 651-4024 or (213) 483-9300
Senator Lena Gonzalez
Telephone:(916) 651-4033 or (323) 277-4560
Senator Henry Stern
Telephone: (916) 651-4027
Senator Hannah-Beth Jackson, Chair – Judiciary Committee
Telephone: (916) 651-4019 or (805) 988-1940
Renters will say, “So what? It is a benefit to me because I don’t pay rent.” True enough, it is a benefit to you in the short term. For your landlord it is devastating. H depends on your rent to pay the mortgage, insurance, utilities and maintenance. The first thing to go is going to be maintenance. Good tenant that you are you will do what you can to keep your digs in order, but you can’t take care of the roof, the plumbing, the grounds. So the place will begin to deteriorate. You might not see the practical effects for quite a while, but while you are saving on rent the deferred maintenance is piling up.
By law, even though you don’t pay rent, your landlord is obliged to keep paying for water and trash service. The fact that he is losing who knows how much every month doesn’t affect you, yet, but it is driving him into bankruptcy. So what, you say, not my problem. Yet.
The thing that is going to kill him for sure is the mortgage. While the law allows you to skate, he must still come up with the mortgage payment every month, and if he can’t because his income is crippled, then the property will eventually go into foreclosure. When it does there will be no relief for him, he loses all around. He will lose his means of support, and he can join the ranks of the lower middle or lower class. No big deal, it doesn’t affect you. But he has a big lien on him that he has no way to discharge.
Finally, the property goes to foreclosure auction where a conglomerate, usually, will buy it up and add it to their portfolio. After the 2007 crash George Soros, Michael Dell and other billionaires formed One West Bank with the specific goal of buying up huge numbers of foreclosed properties for pennies on the dollar. The profits from that is part of what is financing the Progressive causes wrecking our nation today.