If you own or manage a single family home or condominium unit, it will only be exempt under the TPA if you provide the required written notice on your tenants!

 

The TPA exempts certain rental units from rent and eviction controls, including 1) most single family homes and condos that are not owned as a real estate investment trust, corporation, or limited liability company in which at least one member is a corporation, 2) rental units built within the last 15 years, and 3) most rental units that are subject to local rent control and just cause ordinances. 

 

But your single family home or condominium unit only qualifies for the exemption if you give the required TPA notice. You may lose your exemption if you fail to timely provide the notice.

 

If your property qualifies for this exemption, then you need to provide the tenants with a written disclosure that your property is exempt before July 1, 2020 (for existing tenancies). For tenancies starting on or after July 1, 2020, the written notice must be provided as part of the initial lease.

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