Rental cap of 10% increase - 4S ranch san diego

[Ram Kakulavaram]

Hello,

I have a rental property (  Condominium )  in 4S Ranch, Sandiego, I am currently  30% lower than the current market rate. 

i wanted to confirm if the rental cap of 10% per year Maximum will apply for me? I found the below article and according to this single family homes and condominiums might be exempted.

Will the rental cap apply M2M lease as well?

Appreciate any information.

https://cal-rha.org/advocacy/a...

Rent Control Exemptions

If your property is included in the list below, it is exempt from AB 1482:

• Housing restricted by a deed, regulatory restriction contained in an agreement with a government agency, or other recorded document as affordable housing for persons and families of very low, low, or moderate income, as defined by the law;
• Dormitories constructed and maintained in connection with any higher education institution within the state for use or occupancy of students in attendance at the institution;
• Housing subject to more restrictive rent control ordinances;
• New Construction – housing that was issued a certificate of occupancy with the previous 15 years. This means some of the housing previously exempt under Costa Hawkins will now be subject to the State’s rent control provisions.
• Owner-Occupied housing accommodations in which the tenant shares a bathroom or kitchen facilities with the owner who maintains principal residence with the residential real property;
• Owner-occupied duplex in which one of the units is the owner’s primary residence at the beginning of the tenancy and the owner continues in occupancy;
• Single-family homes and condominiums if the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation.