Rent Control
Q) A building is under rent control. What is the highest rate that can be charged for a one bedroom and one bath unit? Where can you go to find out more about rent control?
A) After a voluntary vacancy, there is no rent limitation for any new tenant coming into a building. You are free to charge any amount. The phone number for Rent Stabilization for the City of Los Angeles is (866)557-RENT.
Selling/Buying a Building Under Rent Control
Q) If a building is sold and under rent control, what are the rights of the tenants with the new owner? Does the rent remain the same? Can a new owner force them to move?
A) If there is a fixed term lease, the new buyer needs to abide by its terms. Since the building is under rent control, you must comply with the ordinance in that jurisdiction. Generally, you will not be able to vacate the unit without cause.
(Taken from September 2005 Apartment Owners Association News)
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