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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)

Citation
Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Parent Document
Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Jurisdiction
California (state)
Effective Date
2002-01-03

Other Sections in This Document (232)

Full Text

381 chars
With the enactment of the 1999 regulations, the Board exercised its authority under the Rent Control Law to “direct[] that the interest on [security deposit] accounts be paid directly to the tenant . . . .” (Santa Monica Charter, § 1803(s).) As a consequence, landlords could no longer use the interest to benefit the property. Instead, they became obligated to pay tenants a fixed