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Updated 11 months ago on . Most recent reply

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Nadeim M.
2
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7
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Multi Year Lease - RSO Increase Uncertainty

Nadeim M.
Posted

Hello. I have a rental unit that falls under the Los Angeles rent stabilization ordinance. Tenant wants to sign a two-year deal. How do I show what year two rent will be in the lease if I don't know the max allowable increase at this time. My thought was to state something along the lines of "the lesser of 3% or the max allowable increase over the month 1 -12 rent amount." For landlords or manager under RSO's, what language have you used when stating the rent amount for years subsequent to the first year of the lease? Thank you.  

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