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Updated over 8 years ago on . Most recent reply
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!!! Help- Tenant can't move out by lease expiration date
Hi BP community,
I am a new landlord, I purchased a property in 2015 with a tenant paying way below market rent. When I purchased I advised the tenant that it is my intent to occupy the property after the lease expires. Per California code, I gave the tenant a 60 day notice, and a 30 day notice. The lease expires in 11 days. Yesterday (12 days till lease expiration) the tenant informed me that their new apartment/ condo won't be available for them to live in starting June 17. 17 days after lease expiration. I have been taking a big loss on the property for 6+ months.
Is there anyway legal way I can increase the rent on the tenant for those 17 days to something like what Air BnB rates are going for in the area -~$100 a night?
I see that California law generally requires 30 day notice if increasing under 10%. 60 days if over 10%. My tenant sprung this on me with 12 days left. An Eviction will take time and I might not collect anything. Tenant's Current average daily rate is around $42. Market is about $60 based on 30 day month. My intent is to occupy the property.
Please help!
-In California
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in Wisconsin the landlord can charge double the daily rate of rent if the tenant does not vacate on the termination date.