California’s Price Gouging Laws: What Landlords in Newport Beach & Costa Mesa Need to Know!

📢 Landlords, are you prepared for California’s price gouging laws during emergencies? 🏠🔥CRITICAL UPDATE – As with many laws, this topic is evolving. On February 4, 2025, Governor Gavin Newsom issued Executive Order N-17-25, which modifies California’s price gouging protections and changes two key topics in the article below: 1) “Housing” now applies to leases of ANY duration, not just under 12-months; and 2) various zip codes are now exempt from the HUD calculations. Read our updated article here: https://lucas-real-estate.com/february-2025-executive-order-on-price-gouging/ (article on updates to price gouging laws) and ensure to consult with legal counsel before proceeding on any aspect as these laws continue to evolve and additional aspects that continue to change over time may not be updated on this blog.This video was recorded as part of a presentation given by Devin Lucas on January 29, 2025, to a group of realtors. The session provides a detailed review of price gouging protections and how they apply to rental housing in Orange County, including analysis, real-world examples, and expert tips. The video also features an engaging Q&A session covering common landlord concerns.💡 We Cover:✔️ What types of housing this law applies to (short-term vs. long-term rentals)✔️ How rental price limits are calculated✔️ The difference between county-wide FMRs and ZIP-code-specific Small Area FMRs (SAFMRs)✔️ Real-world examples from Newport Beach & Costa Mesa✔️ When the 160% HUD rule applies✔️ Expert Q&A session with practical insights for landlords and property managersIf you’re a property owner, property manager, or real estate investor, this video is a must-watch to stay compliant with California’s strict rental laws during emergencies.Lucas Real Estate, A Professional CorporationReal Estate Law | Real Estate Transactions | REALTORS®2901 West Coast Highway Suite 200Newport Beach | California | 92663-4023 O. [email protected]