Disclaimer
Please read and acknowledge receipt of the following information
L.A.M.C. Section 151.00 requires all owners whose rental units are subject to the Rent Stabilization Ordinance to register their rental units with the Rent Stabilization Division. No landlord shall demand or accept rent until such registration has been obtained. Contact the Division at 866-557-RENT [7368].
Section 96.300 L.A.M.C. requires that the seller of Residential Property within the City of Los Angeles shall apply to the City for a Report of Residential Property Records and Pending Special Assessment Liens and deliver such report to the buyer prior to entering into an agreement of sale or exchange of the Residential Property or prior to close of escrow in connection therewith. NO ORDINANCE CONTAINS A PROVISION WHICH STATES OR IMPLIES THAT A SIGNED WAIVER OR OTHER SUCH DOCUMENT CAN BE ACCEPTED IN LIEU OF A RESIDENTIAL PROPERTY REPORT ISSUED BY THE CITY. There is a fee of $70.85 for each report requested.
Residential Property is defined as:
- 1. Any real property improved with one or more buildings or structures which in whole or in part are used for or are legally permitted to be used for dwelling unit or guest room purposes.
- 2. Any vacant real property located in a zone wherein dwelling units or guest rooms are legally permitted.
A report is not required in the following cases:
- 1. Property exempt from taxation under the Documentary Transfer Act of the State of California.
- 2. The first sale of a residential building located in a subdivision whose final map has been approved and recorded in accordance with the Subdivision Map Act no more than two years prior to the first sale.
No new Report need be obtained by an owner for a period of six months after the issuance of a Report on a Residential Property. However, the seller must still deliver a copy of the previously issued Report to the buyer prior to the sale or exchange of the Residential Property or prior to close of escrow.