A California Court of Appeals decided last week that an owner could put a timer on a hut tub and reduce sauna hours without being forced to reduce controlled rents. In Santa Monica Properties v. Santa Monica Rent Control Board the court determined that the rent control board does not have “the authority to reduce rents based upon any decrease in service, no matter how minimal, particularly if the decrease has no effect on the adequacy of housing services or compliance with health and safety codes.”
In New York, of course, the “de minimis” services policy is narrower and leads one to wonder about the future of all the Jacuzzi tubs in new high end rentals.
ABO is offering a new Registered in Apartment Management (RAM) class beginning Wednesday, March 14th. Contact Olga in our office to sign up or get more information and pass the word to any agents that might be interested.
ABO Executive Director Dan Margulies will be part of a panel on Financing Building Efficiency Tuesday morning, sponsored by the Agrion Global Network for Energy, Cleantech and Corporate Sustainability. He will be talking about why owners are reluctant to take ‘free’ money.
3-in1 and 3-for-1 ABO membership
The ABO board has decided to triple your member benefits in ABO, NYSBA and NAHB with two free affiliate memberships for others in your company. This is a $200 value and you will be getting more information in the mail next week.