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Updated 1 day ago on . Most recent reply

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Jesus Sanchez
  • Lender
  • SoCal
0
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7
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CA Rent control

Jesus Sanchez
  • Lender
  • SoCal
Posted

Hi, 

My wife and i are looking at a duplex in Rivesrise county. The current rents are way below market. We plan to rennovate the units and get new tenants at market rent. The current tenants are on MTM. if we give a 60 day notice at close of escrow will that be in copliance with CA statewide rent control? 

thank you

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Replied

Hey Jesus,


Yes, you are ok to give 60 day notice  and you’ll be in compliance with rent control laws if you renovate the property. You’ll then reset to market rents after the renovation. Since they’re MTM, you can give a 30 day notice if they’ve rented the property for less than 6 months, but must give a 60-day notice if they’ve rented it for over 12 months. Hope this helps!

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