Are there restrictions on how much I can charge for rent on my condo unit?

Yes, there are restrictions on how much you can charge for rent on your condo unit in California. Generally, condo owners are required to stay within the guidelines set forth by the local rent control board. In California, rent control laws are strictly enforced and are designed to protect tenants from price gouging. In California, a rental unit is considered to be subject to rent control laws if it was built before 1978. For these units, rent increases are limited and must adhere to the maximum allowable rate determined by the local rent control board. This means that the rent on your condo unit must remain within a certain range, typically between an increase of 3-5 percent per year. Additionally, there are other restrictions which may apply to you as the owner. For example, tenants must be provided with a 90-day notice in writing before any rent increase can be implemented. Also, the agreement between you and your tenant must be in writing, and must include information such as the rental rate, time period, and other terms and conditions. In general, it is important to understand and abide by the local rent control laws when renting out your condo unit. Doing so will protect you from violating the law, and will ensure that the rights of your tenants are respected.

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Are there restrictions on how much I can charge for rent on my condo unit?

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