Costa-Hawkins exempts post-1995 construction and single-family homes and condominiums from *local* rent control, and preserves the landlord's right to reset rent to market on vacancy.
It does not help at the affordable end, because affordable stock is old stock: the buildings a small investor can actually buy are usually the ones Costa-Hawkins does not exempt.
- Vacancy decontrol
- Yes — rent resets on vacancy
- Construction
- Built after 1995
Sources
- Costa-Hawkins Rental Housing Act — Cal. Civ. Code §1954.50 et seq.