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Updated about 2 years ago,
Moratorium in California
Hey all!
I'm a landlord with two units and I am also renting where I'm currently living in since I'm renting out the two units that I own.
I have a two part question:
1) With the Moratorium being lifted on JAN. 31st, 2023. I am curious how that will affect me (mostly from the landlord standpoint). - I currently have a tenant who is paying WAY below the market rent value (they were already living in the unit when I bought the property two years ago).
2) Previously I couldn't raise the rent due to the moratorium. I'm wondering since it will be lifted starting Feb. 1st, Am I able to raise the rent, per my allowed legal percentage.
I'm currently doing my own research, but would love to compare notes in case I miss anything. (Or if any one has come across a more recent update/experiencing the same thing.
Thank you all!