Navigating Legal Responsibilities and Supporting Communities During L.A. Wildfires
As wildfires continue to impact Los Angeles and Ventura counties, Havenwood Capital extends its deepest sympathies to those affected. We recognize the critical role that rental property owners play during such crises and aim to provide clarity on legal obligations and avenues to support displaced residents.
Understanding Anti-Price Gouging Laws
In the wake of the declared state of emergency, California’s anti-price gouging law, Penal Code Section 396, is in effect. This statute prohibits rent increases exceeding 10% above pre-emergency levels, applicable to both existing tenants and new leases. Violations can result in severe penalties, including fines up to $10,000 and/or imprisonment. It’s imperative for property owners to adhere strictly to these regulations to avoid legal repercussions.
Opportunities to Assist Displaced Residents
Beyond compliance, there are meaningful ways property owners can contribute to relief efforts:
Provide Housing: Consider offering available units to those displaced by the fires. The Apartment Association of Greater Los Angeles (AAGLA) has initiated a program encouraging property owners to list available units to assist fire victims. Listings can be submitted through AAGLA’s online input form. citeturn0search1
Support Relief Organizations: Donations to reputable organizations like the Red Cross can provide essential shelter, food, and supplies to those in need.
Federal Assistance for Fire Victims
A Presidential Major Disaster Declaration has been approved, unlocking federal resources for affected individuals in Los Angeles and Ventura counties. Available assistance includes grants for temporary housing and home repairs, low-cost loans for uninsured property losses, and other recovery programs. Affected individuals can apply via DisasterAssistance.gov or by calling 800-621-FEMA (3362).
Staying Informed and Prepared
Given the dynamic nature of wildfire emergencies, it’s crucial for property owners to stay informed about ongoing developments and resources. Regularly consulting official sources and maintaining open communication with tenants can help navigate these challenging times effectively.
At Havenwood Capital, we are committed to supporting our community and upholding the highest standards of integrity and responsibility during this crisis. By working together and adhering to legal and ethical guidelines, we can contribute to the resilience and recovery of our communities.