3 ms·
Where in the US are perpetual rights to extend 1 year leases the law?
by simonsarris 3y ago
Where in the US are perpetual rights to extend 1 year leases the law?
- whimsicalism 3y agoWhere I live in California, for the large majority of rental properties, the owner cannot evict me unless they plan on exiting the rental market or I have somehow violated the lease. I think this covers flat out most rental properties in California as well. So the answer: California
- sershe 3y agoStuff like this, broadly, is why California is known for its affordable rents and sane housing markets :)
- seanmcdirmid 3y agoEven if there is a right to lease renewal, how much the lease will increase is often not regulated or loosely regulated. So…you can always price out a tenant you don’t want to keep, but there are often some extra laws around that.
- whimsicalism 3y agoNot in California, where the rent increases are limited in the vast majority of units (pretty much anything built before 2007) :) I agree that this has an absolutely massive chilling effect on leasing & building, given that, reasoning from the past, any new development is almost certain to be subject to rent control within 20 years at most. I've never lived in a state nuts enough to have state-wide rent control before, it's interesting.
- seanmcdirmid 3y agoWell, they have property tax control as well so it isn’t surprising. But ya, rent control sucks in that it picks a few winners to the detriment of everyone else. Great for stability if you win it, but getting in is super hard. California still could stand to lose a few million people, maybe that’s their intention.