LOS ANGELES—In this EXCLUSIVE Q&A, Matthew McNicholas of McNicholas & McNicholas tells reporter Kelsi Maree Borland how LARSO landlords are using water meters to augment rents.
By Kelsi Maree Borland|September 12, 2014 at 10:12 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
LOS ANGELES—Some landlords with LARSO, the Los Angeles Rent Stabilization Ordinance also known as rent control, properties may be using water utility bills to augment below-market rents, according to Matthew McNicholas, partner at law firm McNicholas & McNicholas. Water utility bills for multi-unit multifamily properties with a single water meter are sent directly to the landlord, who then collects a reimbursement that is not always based on water usage and may be inflated. This is a violation of LARSO, and tenants need to be aware that this could be a potential issue. We sat down with McNicholas to find out more about this problem. Here is what he had to say:
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.