CA AB1157

Reduces the maximum allowable annual rent increase from 5% plus cost of living (capped at 10%) to 2% plus cost of living (capped at 5%) for residential properties subject to California's rent control law

Removes the exemption from just cause eviction and rent cap requirements for single-family homes and condominiums that are separately titled, now applying these tenant protections to such properties

Maintains the exemption from rent caps and just cause eviction requirements only for mobilehomes owned by natural persons (not corporations, REITs, or certain LLCs) who provide required written notice to tenants

Eliminates the January 1, 2030 sunset date for California's statewide rent cap and just cause eviction laws (Tenant Protection Act), making these provisions permanent

Preserves the ability for owners of assisted housing developments and deed-restricted affordable housing to set initial rental rates upon expiration of affordability restrictions, with subsequent increases subject to the new rent cap limits