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Updated about 3 years ago,

User Stats

281
Posts
240
Votes
Jim Spatzenfeld
  • Investor
  • Buffalo NY & Sacramento CA
240
Votes |
281
Posts

Am I allowed to evict after I close on purchase in California

Jim Spatzenfeld
  • Investor
  • Buffalo NY & Sacramento CA
Posted

I'm under contract for a duplex in California that I am purchasing under an LLC. As far as I understand, an LLC that owns a duplex in California cannot evict a tenant except for a "good cause" eviction for things like failure to pay rent on time, failure to cooperate with legal recertification requirements, and engaging in illegal activity on the premises, etc. which is not the case here.

I would like to evict after closing because the tenant pays less than 50% of market rent and California does only allow annual rent increases between 5-10%, so I cannot bring the rent to market rent with this tenant.

Any ideas?

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