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Updated over 5 years ago,
California Tenant Laws
Hello BP!
I've been looking at homes and made several offers with no luck. No biggie as I am switching my strategy up to match the current market conditions.
One big question that I've had is what am I to do with the current tenants in the home?
I plan to live in one unit, and rent the other. The issue is both sides are typically rented out (Far below rent), and the unit is extremely outdated. I want to be prepared when I purchase my first home here in California, so I'm not sued immediately.
Here are some questions that I have and please feel free to add additional information.
1. How can I immediately remove the tenants staying within the units so I can update them, and move into one?
2. Is there any issues with keeping a tenant and raising rents with minor upgrades (Counter tops, paint)?
3. If I wanted to raise rents with no upgrades (Extremely below market value), how would I go about it?
4. Is it possible to include in the contingency that the seller remove the tenants (Give them a 60 days notice or 30 day notice)?
Any information or guidance would be helpful.
I'm located in Lodi, and I am looking in the Sacramento, Galt, Lodi, Stockton areas.
Thanks BP!