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drummondfam

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Posts: 4
Reply with quote  #1 
I have never had to raise rent.  I have searched the internet for answers but I cant seem to find any.  I have a tenant's lease that is due at the end of march.  I would like to raise the rent, but I am not sure how much is feasible.  I also dont mind NOT raising the rent or raising it a lower amount if the tenant signs another year lease.  Is this legal?  The home is in Sacramento, California.  
Marytmary1978

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Posts: 445
Reply with quote  #2 

Sure it is legal.  Don't know CA law, but you may need to give a 30 to 60 day notice.  If you want it as a lease, make sure you sign a NEW lease with them or it goes to a month to month.  Best way to determine how much is the correct amount is to look at other rentals in the area-- via craigslist, newspaper etc.  Another good recource is http://www.rentometer.com  -plug in your rental address and # of bedrooms and how much you are or want to charge and it will give you compariable in the area.  Aslo look at the HUD fair market value for your town or county.

drummondfam

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Posts: 4
Reply with quote  #3 
Thank you very much~
Cooldrop

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Posts: 12
Reply with quote  #4 
Here's a question.   I have a long term tenant, 11 years, during this time I've never raised rent.   Good tenant, when first lease was up, we entered into second five year lease.   (Note, they run a state licensed group home out of my rental).  Well 10 months after signed new lease, I get hit with extensive repairs and cosmetic wishlist, i.e., new paint inside and out, new carpets and floors, remodel bathroom,  etc.  All of the repairs were done along with exterior painting, can I raise rent due to this enormous List of repairs,  (Note the interior paint is fine, no wholes, peeling, .... I suspect they want different colors, carpets is fine, again I suspect they want different colors........
 
ll

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Posts: 68
Reply with quote  #5 
Since you have an existing lease, you cannot raise the rent during the lease.  That said, if you choose to allow the upgrades, you can let them know that you have completed the repairs and that if they wish to have upgrades or cosmetic changes done, they must request them in writing and pay for these non-habitability related upgrades and you will arrange with your authorized contractors for the work.  Do not let the tenants perform the work. 
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