I am considering buying a duplex or 4-plex but it is occupied by tenants paying below market rents. What are my options?
The City of Los Angeles Housing Department has very specific rules for rent increases and grounds for eviction. Currently rents can be raised 4% per year for Section 8 housing according to the Rent Stabilization Board. In general a landlord cannot terminate any tenancy without cause. In our experience, the only cause that seems to work is when the landlord needs to use the unit for himself or a family member or for a resident manager when there is no other unit available for the manager. Once a “Declaration of Intent to Evict for Landlord Occupancy” is filed, relocation assistance is required. From July 1, 2006 to June 30, 2007, the relocation rate per unit is $3,450 or $8,550 depending on whether the tenant is qualified. For example, a qualified tenant could be defined as a person 62 years of age or older, disabled or handicapped, or tenant is residing with one or more minor children. Please call (866)557-RENT or check www.hacla.org for more information and forms.
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