Updated about 3 years ago on . Most recent reply
AB1482 Notice on renewal
Hello all,
I am new to landlording and therefore also new to the AB1482 notice requirement. Let's say I started renting out a San Diego property in Jan 2022 and I did not get the renters to sign AB1482 (i.e. did not fulfill the notification requirement) but now I realize my property satisfies exemption from the 5%+CPI rent cap rule. If these are long term tenants, does it mean I will lose my ability to increase rent beyond the cap for perpetuity? Or can I tag along a AB 1482 notice at renewal (assuming I do it more than 60 days ahead of time) and increase rent beyond the cap on either the 2023 renewal or 2024 renewal?
Thanks for your opinion in advance.
I am new to landlording and therefore also new to the AB1482 notice requirement. Let's say I started renting out a San Diego property in Jan 2022 and I did not get the renters to sign AB1482 (i.e. did not fulfill the notification requirement) but now I realize my property satisfies exemption from the 5%+CPI rent cap rule. If these are long term tenants, does it mean I will lose my ability to increase rent beyond the cap for perpetuity? Or can I tag along a AB 1482 notice at renewal (assuming I do it more than 60 days ahead of time) and increase rent beyond the cap on either the 2023 renewal or 2024 renewal?
Thanks for your opinion in advance.