Updated almost 9 years ago on . Most recent reply
Rent control clarification
Hey guys - I'm looking to buy a triplex/quad in Oakland and wanted to get some clarification on rent control.
1. What is qualified as "substantial capital improvements" to a property? And does this completely remove any rent control protection whatsoever for current tenants?
2. For owner occupied properties, is rent control fully removed for all units after living in the complex for 1 year?
3. Otherwise, is the standard rent increase still 2%? What other ways can I raise rents on tenants that have substantially under-market rents?
Thanks!
Most Popular Reply
Howdy, if you head to http://www2.oaklandnet.com/government/o/hcd/s/Land...
you can view the most current rent adjustment regulations via the links there. Knowing all of this is going to be helpful, however if you zip to section 10(p25) I think you will find the answers to what you're looking for! Let me know if you have any questions after reading, I'd be happy to offer my input!