If I understand correctly, rent can be increased up to 10% with a 30-day notice, and 10% or more with a 60-day notice. This is for an area without rent control.
We’re on a 1 year lease with monthly rent of $1500. About 35 days before the end of the lease, our landlord gives us a notice about our renewal options:
$1550 if we sign a 6 or 12-month lease.
$1875 if we choose a month-to-month agreement.
We were really planning to go on a month-to-month agreement, but the increase from $1500 to $1875 is really huge. Does this violate the 60-day notice requirement? Considering that the rent for a 6 or 12 month lease didn’t go up by more than 10%, the landlord has given 30-day notice of the rental increase. However, for the $1875 rent, he hasn’t given 60-day notice. What do you think?
You’re correct, he has to give you 60 days notice for more than 10%. So if you go month to month, he can charge you $149 more for the first month and then increase it till he meets his target. At the same time he can give you a 30 days notice to vacate if you become a pain.
Regards…
February 22nd, 2010 at 3:50 am
You’re correct, he has to give you 60 days notice for more than 10%. So if you go month to month, he can charge you $149 more for the first month and then increase it till he meets his target. At the same time he can give you a 30 days notice to vacate if you become a pain.
Regards…
References :
Satar Naghshineh
California Licensed Real Estate Broker and Investor
Amiri Property and Financial Services Corp.
Irvine, CA