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Why? It is in many places, it's very common which is why I asked. Leads to frustration for property owners sure, but it helps balance the market, gives some pow
by radarsat1 10y ago
Why? It is in many places, it's very common which is why I asked. Leads to frustration for property owners sure, but it helps balance the market, gives some power to tenants, to enable a decent cost of living.
Ok I looked it up for SF: https://www.sftu.org/rentcontrol/ https://www.sftu.org/rentcontrol/
Indeed, there is a control of only a few percent per year. So how is RentBerry legal?
"If the owner re-rents before the 5-year period is up, the residential property must be offered at the same rent that the former tenant was paying (plus annual allowable increases.)" https://www.sftu.org/are-you-paying-too-much-rent/ https://www.sftu.org/are-you-paying-too-much-rent/