LA’s 1987 Loophole Displaces Small Businesses | California News

A 1987 legal loophole is forcing small LA businesses out of their homes—landlords can jack up rents or evict tenants with just 60 days’ notice after a property sale, leaving long-standing shops like Sip Snack and a 25-year-old hair salon scrambling. Though a new state law offers slightly longer notice, it doesn’t cap rent hikes, leaving entrepreneurs vulnerable to sudden displacement. City officials are now drafting an ordinance to give tenants more leverage and close this 39-year gap before it’s too late for neighborhood character. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c316c13132146955