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Updated over 3 years ago on . Most recent reply
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California AB1482 question
I’ve tried to find the answer to my question online, but can’t find anything with a clear answer.
Situation is this. Say an owner raised rent in January, then sold property in July. Assuming the previous owner raised the rent the maximum allowable amount, does the new owner have to wait 12 months from previous rent increase before raising rents?
All tenants are currently month to month and rents are significantly below market.
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@Maria D'Aura Welcome! I have no written law to cite but I would err on the side of caution. Its only a handful more months to wait and raise the rent again. I think once a year raising rent is the intent of the laws. Just my two cents otherwise rent could be raised 12 times in a year (severe thought and not reality). Good luck and keep us posted.