Lake Worth Beach, Florida Commission examining extending notice for commercial building rent increases

SKYROCKETINGENT RCOSTS. I SPOKE WITH PMAL BEACH COUNTY. MAYOR ROBTER WEINROTH. WHO SAYS THE COUNTY’S LIMITED IN BEING ABLE TO IMPEOS ANY KIND OF CAP ON RENT PRICES. HE SAYS THE COUNTY WOULD HAVE TO DECLARE AN EMERGENCY FOR SOMETHING LIKEHA TT TO HAPPEN. BUT HE SAYS HE DOESN’T FORESEE THAT I HONESTLY DON’T THINK THAT THERE’S GOING TO BE TRACTION FOR THAT. THE IDEA IS THAT WE DO’’T WANT TO GO AND CREATE A SITUATION THWI LANDLORDS NOW DON’T HAVE SUFFICIENT INCOME TO BE ABLE TO KEEP THEIR PROPERTSIE MAYOR WINE ROTH SAYS RISING HOMEOWNER AND PROPERTY INSURANCE R ARE A REASON WHY RTSEN HAVE GONE UP AND RISING RENT DOES NOT MEAN LANDLORDS ARE SEEING GREATER PROFIT S.SAYS THAT’S TYING. THE COMMISSIONER’S HANDS AS FAR AS WHAT THEY CAN DO FOR RENTERS, TBU HE’S AS PROJECTS ARE ALWAYS IN THE WORKS FOR AFFORDABLE HOUSING. HE POISNT TO AN EXISTING COUNTY ORDINANCE REQUIRING DEVELOPERS TO ALLOCATE A QUARTER OF THEIR PROJECT TO WORKFORCE DEVELOPMENT HOUSING THE MAYOR ALSO ENCOURAGES MORE MUNICIPALITIES TO FOLLOW LAKE WORTH BEACHES LEAD BY ENACTING THEIR OWN RENTAL RELIEF ORDINANCES LAKE WORTH BEACH NOW, CHOIR’S LANDLORDS RAISING THEIR TENANTS RENT MORE THAN 5% TO GIVE 60 DAYS OF WRITTEN NOTICE. BUT HE SAYS AT THIS POINT, NOT MUCH MORE CAN BE DONE AT THE COUNTY LEVEL. I TNKHI WE ARE A VICTIM OF OUR SUCCESS PEOEPL HAVE BNEE LOOKING AT SOUTH FLORIDA, ESPECIALLY IFP LIVE WORK AND PLAY AND WE HAVE SO MANY PEOPLE COMGIN DOWN HEER NOW A LIMITED SUPPLY TREMENDOUS DEMAND AND THE PRICES OF JUST GOTTEN OUT OF REACH UNTIL THE PPSULY AND DEMAND START EQUALIZING. IT’S GOING TO BE A VERY DIFFICULT FIGHT FOR US. THERE ARE A FEW WAYS. THE PEOPLE CAN APPLY FOR RENTAL ASSISTANCE THROUGHHE T COUNTY OR STATE AND TOIN FD OUT HOW YOU CAN VISIT OUR WEBSITE WPBF.COM REPORTING IN PAL

Lake Worth Beach Commission examining extending notice for commercial building rent increases

Lake Worth Beach is working to provide some rental relief as the cost of housing continues to rise across our area.On Tuesday night, the commission will look at extending the notice landlords of commercial properties have to provide before raising the rent.Tuesday’s ordinance reading comes after the commission last month approved an ordinance that was the first of its kind in Palm Beach County, requiring landlords of residential properties to provide 60 days’ notice for rent increases of 5% or more.The new ordinance will require the same steps for landlords of commercial buildings. “We certainly are aware and concerned and looking for solutions,” said Vice Mayor Christopher McVoy, District 2 commissioner for Lake Worth Beach.Stay informed: Local coverage from WPBF 25 NewsMcVoy says city offices have been inundated with calls from people unable to afford their rent, which spurred the commission to act, passing last month’s ordinance requiring landlords to give 60 days’ notice to anyone with rent increases of at least 5%.”We are aware that this is putting a big pinch, a serious pinch on a lot of people and we definitely are interested in trying to be as helpful as we can,” McVoy said.Tuesday’s ordinance would do the same thing for landlords of non-residential properties, which currently only have to provide a 15-day notice for month-to-month renters for price increases.”It seemed reasonable to extend the benefit that we were trying to provide residentials, also to do that to commercial leases, just to give a little more stability,” McVoy said.Follow us on social: Facebook | Twitter | InstagramThe commission meeting starts Tuesday night at 6 p.m. If the first reading is approved by the commission, there could be a vote on the ordinance on May 17.District 1 City Commissioner Sarah Malega statement”We, the City of Lake Worth Beach, has been proactive where possible in the housing crises. We allocated funds from ARPA to Legal Aid to assist with evictions once the moratorium was lifted. Last month we passed an ordinance to protect our residents with a 60day written notice of rental increases more than 5%. At the second reading, I expressed my concern for commercial properties as well. Many of our businesses are just getting back on their feet after COVID and we do not need greedy landlords or those who wish to landbank in our city, making it harder for them. We, as a commission, gave consensus to staff and legal to proceed with the commercial aspect as well. At tonight’s first reading, I will be asking the commission to extend this to 90 days written notice in lieu of 60 days. The reason is that a business moving locations is a lot more in-depth than a resident. There is the buildout, licensing, permits, etc. and the process which takes more than 60 days. I am hopeful for support of the 90 days change.”

Lake Worth Beach is working to provide some rental relief as the cost of housing continues to rise across our area.

On Tuesday night, the commission will look at extending the notice landlords of commercial properties have to provide before raising the rent.

Tuesday’s ordinance reading comes after the commission last month approved an ordinance that was the first of its kind in Palm Beach County, requiring landlords of residential properties to provide 60 days’ notice for rent increases of 5% or more.

The new ordinance will require the same steps for landlords of commercial buildings.

“We certainly are aware and concerned and looking for solutions,” said Vice Mayor Christopher McVoy, District 2 commissioner for Lake Worth Beach.

Stay informed: Local coverage from WPBF 25 News

McVoy says city offices have been inundated with calls from people unable to afford their rent, which spurred the commission to act, passing last month’s ordinance requiring landlords to give 60 days’ notice to anyone with rent increases of at least 5%.

“We are aware that this is putting a big pinch, a serious pinch on a lot of people and we definitely are interested in trying to be as helpful as we can,” McVoy said.

Tuesday’s ordinance would do the same thing for landlords of non-residential properties, which currently only have to provide a 15-day notice for month-to-month renters for price increases.

“It seemed reasonable to extend the benefit that we were trying to provide residentials, also to do that to commercial leases, just to give a little more stability,” McVoy said.

Follow us on social: Facebook | Twitter | Instagram

The commission meeting starts Tuesday night at 6 p.m. If the first reading is approved by the commission, there could be a vote on the ordinance on May 17.

District 1 City Commissioner Sarah Malega statement

“We, the City of Lake Worth Beach, has been proactive where possible in the housing crises. We allocated funds from ARPA to Legal Aid to assist with evictions once the moratorium was lifted. Last month we passed an ordinance to protect our residents with a 60day written notice of rental increases more than 5%. At the second reading, I expressed my concern for commercial properties as well. Many of our businesses are just getting back on their feet after COVID and we do not need greedy landlords or those who wish to landbank in our city, making it harder for them. We, as a commission, gave consensus to staff and legal to proceed with the commercial aspect as well. At tonight’s first reading, I will be asking the commission to extend this to 90 days written notice in lieu of 60 days. The reason is that a business moving locations is a lot more in-depth than a resident. There is the buildout, licensing, permits, etc. and the process which takes more than 60 days. I am hopeful for support of the 90 days change.”

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