BOMA/GLA Acts Early on LA County’s “Soft Rent Control” Proposal
When a policy could impact commercial real estate, we work to make sure our industry’s voice is heard before decisions are made.
The Los Angeles County Board of Supervisors is considering a new Commercial Tenant Protections Motion that could function as a form of “soft rent control” for commercial properties. As written, the proposal could create new licensing and reporting requirements, restrict rent increases in certain circumstances, require relocation payments, and add hurdles for redevelopment projects.
BOMA/GLA Was Proactive
Our advocacy team acted quickly and early. Before the County’s cluster meeting,
We communicated directly with Board offices and submitted a formal opposition letter outlining how the proposal could impact commercial property owners and managers.
After the cluster meeting, we went back to Board offices with solutions, developing specific amendments to narrow the proposal and urged the County to study its economic and legal impacts before moving forward with new regulations.
Our message to the County is clear: study the impacts and make sure any new policy is targeted and workable.
We are urging the County to complete its rent study and legal review before moving forward with an ordinance and to bring any new program back to the Board for another vote.
The Board of Supervisors is scheduled to consider the motion on September 1st.
We will continue advocating for our members and will provide an update as soon as we can.
