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In my area (Los Angeles, CA) landlords have the opposite problem. Tenants are tied up in long term leases and the landlords want them out so they can raise the
by byoung2 8y ago
In my area (Los Angeles, CA) landlords have the opposite problem. Tenants are tied up in long term leases and the landlords want them out so they can raise the rent for the next tenant. There are cases where the landlords ate not only waiving any cancellation fees, they are paying to relocate tenants to other areas.
- amerf1 8y agowow, never heard of that before. It is interesting though. I think long-term leases are going to disappear things are moving too fast and changing very quickly for anyone to commit to long term leases
- byoung2 8y agoPlus these penalties for breaking a lease were supposed to compensate the landlord for lost rent while looking for a new tenant. If a new tenant is always around the corner, how can they justify the penalties?
- amerf1 8y agoTrue makes 100% sense
- rahimnathwani 8y agoIt's not that 'things are moving too fast', but that LA's system of rent control puts a ceiling on annual increases for existing tenants.