CA MF: leases to inherited MTM tenants

[Nhi Nguyen]

Good day everyone

I’m looking to acquire some MF properties in Northern CA and most of them have tenants in MTM rents that are lower then market.

CA passed new law to cap the rent raise.

Once acquired, I’d like my new rules in the leases/contracts, and of course new rent rate.

How should it be done?

Thanks.