The Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020
Governor Newsom signed AB 3088 to protect millions of tenants from eviction and property owners from foreclosure due to the economic impacts of COVID-19.
Tenants and landlords can learn more about the new Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020 by visiting the California Department of Real Estate's Housing is Key information page at HousingIsKey.com.
The new law provides, until February 1, 2021, limited eviction protection to tenants unable to pay rent due to a COVID-19 related hardship. Tenants are still responsible for paying unpaid amounts to landlords, but those unpaid amounts cannot be the basis for an eviction. Landlords may begin to recover this debt on March 1, 2021.
The legislation also extends anti-foreclosure protections in the Homeowner Bill of Rights to small landlords and provides new accountability and transparency provisions to protect small landlord borrowers who request forbearance.