ACTION APARTMENT ASS'N v. SANTA MONICA RENT CONTROL BD., B146227
Local rent control ordinance that required landlords to pay tenants interest on security deposits that exceeded what banks paid the landlords may constitute a regulatory taking.
- Decided 12/13/2001
- Published 12/13/2001
- California Court of Appeal
- For Appellant:
- Law Offices of Rosario Perry, Rosario Perry, Santa Monica, and Marie E. Berglund, for Plaintiffs and Appellants.
- For Appellees:
- Doris M. Ganga, General Counsel, and Joel Martin Levy, Staff Attorney, for Defendant and Respondent.