Supplemental Charges - Rent Control/Rent Stabilization Ordinance
Hi BP Community,
This is a hypothetical and something I'd like to consider before investing in a property. I have a question regarding how to implement extra monthly charges for the use of a parking spot/garage, or storage or other additional items in Los Angeles. Los Angeles has a rent stabilization ordinance on the majority of properties.
If existing tenants were acquired through the purchase of a property could additional fees be tacked on for the use of a parking spot / storage? With month to month or with an existing lease agreement?
Or
If the property is acquired without tenants, can this parking spot extra charge be something that can be adjusted month to month (maybe only some months the tenant would like to use it, and maybe the demand increases with more tenants). Maybe this is something that can be written into the lease (or maybe it's not legal in a rent controlled area).
This is will probably be a non-commercial multi unit (2-4 units).
Thanks!