California 2020 Rent Control Exemption - Owner Occupied Duplex
Hi!
I'm buying a duplex in South Los Angeles and I'll be living in one of the units. The tenant-occupied unit is paying 1050 for a 2 bedroom + 1 bath. I've been reading up on rent control and I see that according to new laws, I can only raise the rent up to 8% max to account for the 5% increase and inflation.
Today, I just stumbled across an article that says I would be exempt from rent control since the duplex will be owner-occupied. Is anyone able to confirm this?
The tenants currently paying way below market rate but I want to figure out my best option between either raising the rent with the current tenants or going through the proper channels to remove them.
Thanks!