Landlord May Dispose of Abandoned Personal Property if Less than $700
Effective January 1, 2013, the value of personal property left behind after the termination of a residential tenant’s tenancy that the landlord must sell at a public auction (as opposed to otherwise disposing of), has increased from $300 to $700. C.C. Section 1988. Landlords will be prohibited from assessing any storage cost if the tenant reclaims personal property within two days of vacating the premises. C.C. Sections 1987 and 1990. As such, the statutory notices of Right to Reclaim Abandoned Property has been revised to reflect these changes, as shown in C.C. Sections 1984 and 1985. While the increase from $300 to $700 is a welcome one that will allow landlords to dispose of slightly more value-less property then before, arguably the increase should be higher and/or adjusted annually for inflation.
All Rights Reserved © 2013 by Michael L. Mau, Esq. & The Mau Law Firm