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At the beginning of the month, California passed AB3088, a new tenant relief act that was a compromise between tenants and landlords. Known as the Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020, the new law provides certainty to renters and some protections for small landlords. It extends the eviction moratorium through January, and requires that tenants show evidence of lost income due to COVID-19 in exchange for non-payment. In addition, tenants must pay at least 25% of rent during the moratorium period. The law has been well received among landlords.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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