In Oakland, CA our landlord bumps rent 8% citing banked rents and capital improvements. Wowsers.
July 31, 2012 8:29 AM Subscribe
Off lease in Oakland, CA. Our landlord bumps rent 8% citing banked rents and capital improvements. Legal justification provided but how can this be challenged to lesser amount without getting courts involved?
posted by ezekieldas to Law & Government (6 answers total) 1 user marked this as a favorite
We've (gf+me) been very happy residents of a lovely building in Oakland, CA since early 2010. Our 12 month lease expired in early 2011 and we've been month to month since. Just recently the building owner painted the building then delivered a letter to all tenants noting an 8% increase in rent justified by "banked rents and capital improvements performed within the past two years." Included in his letter is a 30 day notice as well as legalese from City of Oakland Rent Adjustment.
All of this appears to be perfectly legal. We've had a great relationship with the owner and all tenants. We are well aware rents have increased dramatically in the area and we have no desire to move.
My question then is a) if you're familiar with this area can you reality check --is it in fact legal? b) 8% is quite a bump. We can afford it but we'd rather it not be so high and so sudden. Other than going the way of the courts, filing a petition, etc. is there something we could tell the owner to negotiate or reconsider?