Condo Common Element For Rent In Alameda
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Among its main provisions, the Rent Ordinance: Regulates and limits rent increases for most rental units. Regulates and limits the grounds for which a landlord may terminate a tenancy, and may require relocation payments for tenants who are displaced from a rental unit through no fault of their own.
Exemptions. Keep in mind that certain properties are exempt from California rent control law. These types of properties include: Condos and single family-homes not owned by a real estate investment trust (REIT), corporation, or corporation-owned LLC.
Most rental units in Alameda are fully regulated, i.e. all provisions of the Rent Ordinance apply.
Therefore, the bill has explicit provisions on how much a landlord can raise the rent in California, allowing them to only increase the rent by a maximum of 5% each year if they live up to the following requirements: They keep their units habitable.
Any rental unit built after 2/1/95, as well as houses and condos, are not under rent restrictions. Even where these rent restrictions do not apply, eviction protections do continue.
Under AB 1482, landlords can raise rent by a maximum of 5% plus the local CPI or 10%, whichever is lower.
Annual General Adjustment announced, effective September 1, 2024. Pursuant to Alameda Municipal Code Section 6-58.60(B), the Annual General Adjustment for September 1, 2024, through August 31, 2025, is 2.7%. The Annual General Adjustment is a cap on the allowed amount of annual rent increase.
