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Armand Farr
  • Investor/Agent
  • San Francisco, CA
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77
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Rent control clarification

Armand Farr
  • Investor/Agent
  • San Francisco, CA
Posted Jan 10 2017, 22:54

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!

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