Legal Question in Real Estate Law in California
commercial real property rent increases
guidlines for los angeles rental increases on commercially zoned and leased buisness and servic stores. What is the maximum increases allowed?
Asked on 4/08/08, 5:18 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: commercial real property rent increases
I never heard of any maximum. Indexing is usually done using something like the consumer price index, but more often nowadays by a more broad-based measure of inflation such as the GNP deflator. When a lease is up for renewal, a lot of leases call for renewal at "current market rate" and this may require a third-party appraisal.
Answered on 4/09/08, 3:16 am