Legal Question in Real Estate Law in California
Is my self-storage warehouse rent increase legal?
Although all previous rent increases have only been $1-$2 per year, my self-storage warehouse is now demanding a 16.33% annual increase (apparently due to some of their own internal problems). Is this legal, and if not, what specific statute do I throw back at them in order to put them back on earth? Thank you very much.
1 Answer from Attorneys
Re: Is my self-storage warehouse rent increase legal?
Yes, this is legal.
The limited legislation dealing expressly with self-storage operations is found at Business and Professions Code section 21701 et seq.
These sections limit late fees and regulate the enforcement of liens on property of delinquent renters, but otherwise pretty much give the owners clear sailing to charge market prices.
In fact, pricing at storage facilities is very competitive and supply and demand in your local area are probably the reasons for the increase. Internal problems or not, an attempted rate increase will be counterproductive as a revenue increasing tool unless space is tight. If you doubt this, try to find a cheaper vacant unit, and, if you do, then move.
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