Re: Tenants breaking one year lease california - Landlord Forum thread 360988

Re: Tenants breaking one year lease california by Garry on December 3, 2020 @20:31

Yes, you can try to rent it out for a higher rent. The Q is, how much higher ? For instance, if your T has been paying $1,000/mo, you could try to raise the new rent to, say, $1200 max. That would be a 20% increase. BUT, if you tried to raise it 50%, to $1,500, that would be a red flag to a judge. A judge may say you are not really trying to get it rerented, but are essentially trying to make the former T be on the hook for the whole year's worth of rent. Judges don't like that.

You say the T was paying below market rent. But that's only your opinion, not a fact. How long has your T been renting from you ? If it's been just 2-3 years, rents probably are not "significantly" higher. If he's been there 10 years, with only small rent increases, then yes, he is now paying a much lower rent that what the fair market value would be today.

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Re: Tenants breaking one year lease california by Blue on December 3, 2020 @21:37	[ Reply ]

The rent is approximately 10% below market. My previous tenant who was there for a while broke their lease and so I thought that I had to rent it out for the exact same price and I did to this tenant. (which at that time was below market as well) But unfortunately, a few months later, the new tenant is breaking his lease. And now I'm checking to see if I legally have to keep the same price or can I just charge market rent. The neighbor's unit is currently vacant and they are advertising at 10% more than my current renter's rent. And their unit is smaller.