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Landlords and Tenants to Share Earthquake Retrofit Costs Under Deal Approved by LA City Council

Posted by Michael Stevens
Michael Stevens
Mr. Stevens possesses over 20 years of proven corporate marketing, sponsorship and sales promotion experienc...
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on Wednesday, 20 January 2016
in Green Building ·

Landmark Apartment Retrofit Agreeement

After a year-long debate, the Los Angeles City Council agreed on the city to begin implementing the most sweeping mandatory seismic laws in the nation. Los Angeles renters and apartment owners must equally share the financial burden of earthquake retrofitting, the

After many housing studies and heated meetings with landlord and tenant groups, city staff proposed a compromise that the City Council unanimously voted to move forward: Owners can pass half the retrofit costs to tenants through rent increases over a 10-year period, with a maximum increase of $38 per month.

SoCal Apt DingbatDingbat Apartments

"Dingbat" apartments throughout Los Angeles pose an immediate risk to tenants due to potential collapse as what occurred in the 1994 earthquake.

A dingbat is a type of apartment building that flourished in the Sun Belt region of the United States in the 1950s and 1960s. It has a distintive shoebox style of the stereotypical construction of a stucco box. Dingbats are boxy, two- or three-story apartment houses with overhangs sheltering street-front parking.

 

For more information, please review link HERE:

 

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