Raising rent.

NEW -> Contingent Buyer Assistance Program
<p>ns,</p>

<p>Very few properties in OC have rent control but like ISB said some do. If the property has no rent control attached to it and you would know if it did then a landlord is free raise it as much as they want. If it is being raised beyond market rents and the real reason is to force the tenent out you might have a case. But I doubt it would be worth it and I could be wrong on that. </p>
 
IAC set their rent slightly less than the mortgage of an entry level home. They are smart to know that many ot their renters drive Mercedes but have no downpayment to buy a home. SInce the 100% financing is gone IAC can't keep up the demand out there. They are cranking since homeownership market is down. City of Irvine will not step in like other LA cities would. The politicians in Irvine look out for the interest of the party that put them in office.
 
<p>Is there a shortage of apartment units in IAC currently? I thought I remember reading somewhere that demand/occupancy rates for IAC have been steadily dropping as of late. I am looking for an apartment to rent in October/November of this year and been wondering if the rates will remain steady or increase/decrease as the summer season comes and goes.</p>
 
Blue...I will also be in the mix for a new apartment here in the coming months and on Craigslist alone I have noticed rents dropping or significant discounts for move-ins during a certain date. I think you should be able to find something affordable, or more affordable, by then.
 
<p>Demand for apartment is up due to less qualified home buyers. Rent rate is down due to the economy. You can rent cheaper units now than before. Turn over is less since renters can't get approval for no money down and teaser interest only rate to buy a home. Numerous IAC projects are being built.</p>
 
<p>No rent control here (as a apartment owner), but definitely there is a maximum amount you can ask for before you shoot yourself in the foot.</p>

<p>I try to be resonable about it, good renters are hard to find as well as people who just won't up and leave....</p>

<p>good luck</p>

<p>-bix</p>
 
For non-rent control:


(sec.827 of cc) During a month to month tenancy your landlord can raise your rent any amount if he/she gives you written notice. A 30-day notice must be given, however a 60-day notice is required in its place if the rent increase plus any increases in the previous 12 months add up to more than 10%. So in calculating to see if the most recent increase is over 10% you will also need to include any increases 12 months prior as a combined total calculation. Your landlord cannot raise the rent during a lease unless it is agreed to in the lease agreement.
 
Rents are out of control, young professionals can't afford 1 bedrooms and even 2 bedrooms stretch the income out, its a sad fact. "The IAC won't let me be" - Me rephrasing Eminem
 
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