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Updated over 6 years ago on . Most recent reply
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Los Angeles eviction process
I did the impossible and found a deal in Los Angeles. Of course it doesn't come without a reason. I know Los Angeles has some of the strictest rent increase and eviction laws, so I'm hoping someone can point me in the right direction. This is a triplex. Only 1 unit has an existing lease agreement the other 2 are expired, and the owner never created a new one. The units are poorly managed and the rents are way under market. We're talking rental prices from the early 90's. Since I can't legally raise the rent more than 3% of what it exist. I would ideally like to get these tenants out, since from what the owner says he has to beg for rent every month and they refused several thousand dollars in cash for keys. Once I have the deal done can I offer a new lease with fair market value rent or start an eviction process in order to bring rents up to fair market value?? Thanks
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You need to take the time to learn your state landlord tenant regulations and any regulations pertaining to the specific area you are looking at.
It is highly advisable you consult with a qualified lawyer rather than seen general advice on the internet. CA landlords may give some general advice but my understanding is that the process and tenants rights make it very difficult to do business without a lawyer. Do not commit to a purchase without first consulting a lawyer.