What is the name of your state (only U.S. law)? CA
G'day
For residential apartment rentals, previously in a fixed term 1yr lease contract, that is now a month-to-month indefinite non-written agreement, where the rent was increased in writing (no-lease term, just increase) after the 1yr, I was told in conversation by an ex-landlord, that the rent cannot be more than what the other current apartments in the building are renting e.g. if the most expensive unit in the building Apt 'B' is leased for $2k/m then any increased rent for Apt 'A' cannot be more than Apt 'B'. Is this correct?
If so, would it matter when this situation occurred e.g. if the rent increased after one year in Apt 'A' happened to be at the same current maximum for Apt 'B', then the Apt 'B' was reduced subsequently due to tenant moving out and new leasing, can Apt 'A' then have its rent reduced also to this new maximum?
Also what remedies would then be applicable? (I've read 3 times the difference for the period of over-charging - who would provide the evidence of how long this has been the case or is it the rent board/tribunal/judge's request to the landlord for the information?)
Appreciate the info!
CheersWhat is the name of your state (only U.S. law)?
G'day
For residential apartment rentals, previously in a fixed term 1yr lease contract, that is now a month-to-month indefinite non-written agreement, where the rent was increased in writing (no-lease term, just increase) after the 1yr, I was told in conversation by an ex-landlord, that the rent cannot be more than what the other current apartments in the building are renting e.g. if the most expensive unit in the building Apt 'B' is leased for $2k/m then any increased rent for Apt 'A' cannot be more than Apt 'B'. Is this correct?
If so, would it matter when this situation occurred e.g. if the rent increased after one year in Apt 'A' happened to be at the same current maximum for Apt 'B', then the Apt 'B' was reduced subsequently due to tenant moving out and new leasing, can Apt 'A' then have its rent reduced also to this new maximum?
Also what remedies would then be applicable? (I've read 3 times the difference for the period of over-charging - who would provide the evidence of how long this has been the case or is it the rent board/tribunal/judge's request to the landlord for the information?)
Appreciate the info!
CheersWhat is the name of your state (only U.S. law)?