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Updated over 6 years ago on . Most recent reply

User Stats

52
Posts
15
Votes
Ouman You
15
Votes |
52
Posts

Can we raise the rent now?

Ouman You
Posted

Hi guys,

We have a condo (single family) that was purchased 20 years ago. It's currently occupied by three roommates 2 of then are in the lease....we haven't raised the rent for years, and they are under month to month contract. We would like to raise the rent to market value.....we did consult a lawyer he confirmed that we can and that the property is not under rent control. We are a bit skeptical as the condo is situated in Santa monica and we dont want to run to legal issues.

Should we serve the tenants a notice and proceed?

Btw: the unit was never registered under rent control

Most Popular Reply

User Stats

204
Posts
174
Votes
Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
174
Votes |
204
Posts
Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
Replied

I think the real question is why don't you trust your attorney who you pay a lot of money to give you legal advice? If you have reason to doubt them maybe it's time to get a new attorney.

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