Temporary moratorium on foreclosures and unlawful detainer actions: coronavirus (COVID-19).
Impact
Key components of AB 828 include suspending the sale of tax-defaulted residential properties and preventing court actions related to foreclosures and evictions unless essential for public health and safety. It ensures that no notices or filings related to property foreclosures are recorded during the emergency. Additionally, tenants facing financial hardship due to COVID-19 are allowed to defer rent payments for up to 12 months following the emergency, emphasizing the protection of vulnerable populations during the financial crisis induced by the pandemic. The bill highlights a significant shift in property rights amid emergency governance.
Summary
AB 828, introduced by Assembly Members Ting, Gipson, and Kalra, establishes a temporary moratorium on foreclosures and unlawful detainers during states of emergency related to the COVID-19 pandemic. The bill prohibits foreclosure actions on residential real property while such emergencies are in effect and for a significant duration thereafter, extending the time for exercising rights like redemption. This legislation arose as a response to the challenges posed by the pandemic, aiming to protect homeowners and tenants from losing their homes during a critical period for public health and safety.
Sentiment
The sentiment surrounding AB 828 is largely supportive among tenant advocacy groups and those concerned with public welfare, viewing it as a necessary measure to ensure housing stability during the pandemic. However, there are concerns from property owners and some lawmakers regarding the long-term implications of such protections on property rights and market dynamics. These tensions reflect broader debates about balancing property rights with the need for social safety nets in times of crisis.
Contention
Notable points of contention include the balance between protecting tenants and the rights of landlords and property owners, particularly the financial impacts of extended moratoriums on property management. Critics argue that while the intent to prevent homelessness is commendable, it poses challenges for landlords who still face financial burdens due to unpaid rent. The temporary nature of these measures and the eventual repeal by January 1, 2022, is intended to provide a structured transition back to normalcy, although it raises questions about the sustainability of tenant protections post-pandemic.
Provides mortgage payment relief, income tax relief, consumer reporting protection, and eviction protection for residential property owners, tenants, and other consumers, economically impacted during time of coronavirus disease 2019 pandemic.
Provides mortgage payment relief, income tax relief, consumer reporting protection, and eviction protection for residential property owners, tenants, and other consumers, economically impacted during time of coronavirus disease 2019 pandemic.