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Updated about 3 years ago,
Am I allowed to evict after I close on purchase in California
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?