Specialist · Los Angeles, CA · Member since 2014 · 44 posts · 31 votes
7y
@Alan Bosca where is your project located? What kind of structural work needs to be done? Here in Los Angeles many apartment buildings require a soft story retrofit at the tuck-under open face parking side of the building. Landlords are allowed to increase rent to help offset the cost of the retrofit. If the structural work is due to damage I would check what your building insurance policy covers.
Specialist · Los Angeles, CA · Member since 2014 · 44 posts · 31 votes
7y
@Alan Bosca where is your project located? What kind of structural work needs to be done? Here in Los Angeles many apartment buildings require a soft story retrofit at the tuck-under open face parking side of the building. Landlords are allowed to increase rent to help offset the cost of the retrofit. If the structural work is due to damage I would check what your building insurance policy covers.
If the cost is not covered by insurance a HOA will generally levy a special assessment on condo owners. I have seen these in the 10s of thousands per condo owner in some cases.
@Alan Bosca where is your project located? What kind of structural work needs to be done? Here in Los Angeles many apartment buildings require a soft story retrofit at the tuck-under open face parking side of the building. Landlords are allowed to increase rent to help offset the cost of the retrofit. If the structural work is due to damage I would check what your building insurance policy covers.
In Santa Monica, so LA area.
What is my obligation to renters - can they break lease? What standard of accommodation do they have to get if a move-out is required?
Property Manager · Los Angeles, CA · Member since 2017 · 216 posts · 110 votes
7y
In some instances, Santa Monica is like Los Angeles. In others, it is definitely not!
In your case, get all the details you can from your HOA. The CC&Rs may provide answers as well. I don't know Santa Monica well enough, but I found this regarding tenant relocation that may help, too.
Ultimately, whether you may or may not be obligated to provide tenant assistance, good communication with the tenant may result in a positive outcome where both of you are happy. Good luck and let us know how it turns out!