Commercial Lease rent increase

3 Replies

Hello,

 On a month to month commercial lease, does the landlord have to give 30 days written notice to increase the rent like they would on a residential lease?  This is in California.

Thanks,

 Terry

Found this.

It says in Cali that notice does not apply to commercial. I do not know Cali law so any discrepancy you need to consult a commercial attorney.

Having said that commercial leases usually have years built into the agreement and provisions for extending the option periods. You would need to read the current lease about what notice you are obligated to give.

I would be using a commercial real estate attorney or commercial PM company with a lease drawn by their attorneys.

Cali Commercial

No legal advice given.

Medium allworldrealtyJoel Owens, All World Realty | [email protected] | 678‑779‑2798 | http://www.AWcommercial.com | Podcast Guest on Show #47

Originally posted by @Terry Alexander :

Hello,

 On a month to month commercial lease, does the landlord have to give 30 days written notice to increase the rent like they would on a residential lease?  This is in California.

Thanks,

 Terry

 What does the Lease stipulate? Commercial contracts are bound by the language in those contracts and not usually regulated as with consumer contracts.

The idea being that business to business transactions are between two parties with adequate knowledge and skill sets. The idea behind regulating consumer contracts is the asymmetric knowledge problem between a consumer and a business.

Originally posted by @Joel Owens :

Found this.

"It says in Cali that notice does not apply to commercial."

Thanks for the reply. What do you mean by the quoted statement above? Where is this written.

 Terry