Replace Calculated Field in the Notice Of Rent Increase and eSign it in minutes

Aug 6th, 2022
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How to Replace Calculated Field in the Notice Of Rent Increase

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hello my fellow property managers welcome to another video where we help you build grow and protect your property management company im mark cunningham and i want to talk to you for a few minutes about this idea of when it comes lease renewal time how do you decide the new rental rate i mean i mean what do you do you have so many factors in play and you dont want to lose a good tenant and inflations going up and rents are going up and the owner doesnt want the tenant to move and the tenant doesnt want how do we do that so let me just offer a few thoughts suggestions to kind of take away some of the emotion from the whole thing with so many moving parts and approach it from a truly business mindset and then explain that to your tenant to explain that to your owner some best practices around how to determine how much of a rent increase is to put in place now were coming out of covid and recording this video here in july 2022 and a lot of this is a extra big deal because a lot of pr

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Calculate How Much to Raise Rent A standard rental increase is calculated by getting a percentage of the current monthly rent, typically from one to ten percent. For example, renting an apartment for $1450, a 3% increase would be about $43.
All units in California are covered by the rent-ceiling limitations of State of California rent control except: Affordable housing units, BMR units, project-based subsidized housing and Section 8 voucher units.
Single family, owner-occupied residences where the owner rents no more than two bedrooms or units, including accessory dwelling units and junior accessory dwelling units. Accommodations in which the tenant shares a bathroom or kitchen with the owner, if the owner uses the property as their principal residence.
The housing exempted by AB 1482 refers to situations where a landlord is agreeing to rent specific units at an affordable rate. Section 8 housing choice vouchers are portable and are not tied to a particular unit. HCVs allow low-income tenants to rent market-rate housing with the assistance of the housing authority.
Can someone refuse to rent to me because I have Section 8/HUD/voucher? No. California law prohibits landlords from refusing to rent to applicants just because they have a Section 8 voucher. The law added voucher holders to existing California discrimination protections for source of income.
The housing exempted by AB 1482 refers to situations where a landlord is agreeing to rent specific units at an affordable rate. Section 8 housing choice vouchers are portable and are not tied to a particular unit. HCVs allow low-income tenants to rent market-rate housing with the assistance of the housing authority.
A single family home is exempt unless its owned by a real estate investment trust (REIT), a corporation, or an LLC where one of the members is a corporation. The owner must inform the renter in writing that the tenancy is not subject to the rent cap and just cause limitations.
Under AB 1482, landlords are limited to increasing rent by no more than 5% plus the local CPI (inflation rate) or 10%, whichever is lower. The local inflation rate is determined by the California Consumer Price Index (CCPI), which is released annually by the California Department of Finance.

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