Legal Question in Real Estate Law in California
Commercial Rents and Increase Limits
When a tenant of a commercial/industrial building moves out and a new tenant negotiates that space, can the landlord charge whatever he wants for that unit?
I know that 3% is the maximum increase per year during a lease, but when that lease is up can the landlord pick any starting price for the unit?
Thank you.
5 Answers from Attorneys
Re: Commercial Rents and Increase Limits
I'm not aware of any restrictions, and I'm a commercial landlord myself. However, your particular city (or county, if you're not within city limits) may have some sort of commercial rent control, so you should check with the city/county administration.
Re: Commercial Rents and Increase Limits
Once the lease is over, you as the landlord can charge anything you want. You can contact me at www.larryrothman.com as our firm provides free consultation for all landlord-tenant matters and we handle cases throughout California.
Re: Commercial Rents and Increase Limits
On a new lease for a commercial building the landlord may ask whatever he/she thinks the market will bear.
Re: Commercial Rents and Increase Limits
Yes, they can. There are no statutory limits as to what can be charged for a commercial lease. It is whatever the market will bear.
Re: Commercial Rents and Increase Limits
Yes.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
