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Seq. requires that the commercial landlord serve a notice to the former tenant and anyone else they reasonably believe has an ownership interest in the property. The notice must state that they can retrieve the property within 18 days from the date the notice is mailed, or 15 days if hand-delivered.
Commercial Leases. California law treats residential and commercial leases very differently. Generally, commercial tenants receive less legal protections than residential tenants.
AB 1482: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower. As of August 2023, the maximum allowable annual rent increase is restricted to 8.8% (5% + CPI of 3.8%). Provides Just Cause protections to tenants.
Contrast this with commercial evictions Commercial property owners can evict tenants for breaching the terms of the lease. These breaches run the gamut but the lion's share of commercial eviction actions arise from rent defaults.
Proper Notice Period The notice period required for commercial lease termination in California is typically specified in the lease agreement. If the notice period is not specified, the California Civil Code requires that either party give at least 30 days' notice before the termination date.
Yes, California has specific regulations concerning rent increases for commercial tenants. The details may vary based on the location and type of commercial property. Generally, rent increases must be done in ance with the terms outlined in the lease agreement.