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General Landlording & Rental Properties

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David Van
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New Owner-Rent&Deposit Increase Notified on New Lease or Letter?

David Van
Posted Mar 14 2019, 22:09

Hello,

I'm closing on a 4plex in California and want to notify the rent and deposit increases at close of escrow. Can I schedule out the increase on the new M2M lease agreement allowing 60 days before the increase begin, or do I have to renew the lease agreement with their current rent and deposit with the new landlord info and separately provide an increase notice? Thanks in advance for your help.

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