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:

GlobeSt.com: How are multifamily property owners using water billing to violate LARSO, and what is their motive?

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

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.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.