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Updated about 1 year ago,
Notice of Exemption in Los Angeles
My lease to the tenant contains the below term:
“TENANT PROTECTION ACT OF 2019: This property is not subject to the rent limits imposed by Section 1947.12 of the Civil Code and is not subject to the just cause requirements of Section 1946.2 of the Civil Code. This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”
I am wondering if this counts as official Notice of Exemptions in Los Angeles county.
Would I need to deliver a dedicated official Notice of Exemption to the tenant before being able to raise the rent, free of the rent caps?