rent increase notice in CA

[Sam Tamayo]

Hello, I have a solid tenant in place for the last 4 years. The one year lease expired and moved into a month-to-month.  I've decided it's time to adjust the rate up and plan to give them 60 days notice.  Is there a letter template or outline available that could be helpful as I set out to write a letter informing tenant?  Would be helpful, but also want guidance on what I should or should not say, and any legal requirements, if any.

Thanks!

[Sam Yin]

@Sam Tamayo

Not sure where you are getting information.

First off, what city is the property in? City ordinance will supercede State ordinance.

If it is not in a rent control city... then...To be clear, 30day is OK. Infact, any days is ok as long as the tenants agree. However, 30 day is standard. 60 days is required for eviction notice. If the property is held under your name, you are exempt form much of the state rent control. The actual rate is calculated as 5%+CPI ( technically for April of that year). However, you can increase 1,2,3,4...up to you. Generally, most landlords do 5%-7% to be safe and ethical.

I recently did a 20% increase on 10 units all at once because the rents were too low and the building was in my personal name. I had my reasons and I could have chosen 70%, but I felt 20% was more than fair and advised 2 more 20% increases are coming in the next 12 months. This gives them time to look for another place or stay, knowing it's still a great deal for the property.