Are there restrictions on renting out my condo unit?
Yes, there are restrictions on renting out your condo unit in California. Condo owners should be aware of the rules and regulations regarding renting out their unit, as these rules may differ from city to city. The California Civil Code Section 1351.5, imposes some important restrictions. This includes the requirement that the rental period is limited to a maximum of two years and a landlord must inform the tenant of their right to a year-to-year lease. If the rental period is shorter than this, the tenant must be given a 60-day notice of termination. The Landlord Tenant Act also applies to rental of a condo unit, which includes a number of protections afforded to tenants. For example, the landlord is unable to discriminate based on marital status, age, and/or source of income when it comes to renting out their unit. Furthermore, by law, all tenants must be provided with a written, signed lease, outlining the terms and conditions of the agreement. It is also important for tenants to be aware of the condo association’s rules and regulations with regards to renting out their unit. For example, in some cases, a tenant may be required to pay an additional security deposit to the association in order to cover any potential damage to the property. Therefore, it is important for condo owners to familiarize themselves with the law and current regulations so that they are able to comply in order to rent out their unit.
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