DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 1803

Citation
Section 1803
Parent Document
1041 20TH St., LLC v. Santa Monica Rent Control Bd., 250 Cal. Rptr. 3d 376 (2019)
Jurisdiction
California (state)
Effective Date
2019-07-30
Original Source
https://www.courtlistener.com/opinion/6240655/1041-20th-st-llc-v-santa-monica... ↗

Other Sections in This Document (82)

Full Text

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On April 18, 2018, the trial court issued its statement of decision on 20th Street Owner's petition. The court found, contrary to the Board's decision, that 20th Street Owner had detrimentally relied upon the Board's representations that the 20th Street property was not under rent control by commencing and completing renovations and improvements in the total amount of $494,554.85. It further found that 20th Street Owner undertook loan obligations in 2002 and 2013 on the assumption that the loan would be repaid by rental proceeds based on market rents unrestricted by rent control.