Hey investors!The last few featured property segments have been for potential homeowners, but this time I wanted to show the investors some love. Considering there are so much inventory out there.,
Los Angeles City Landlords Do You Know The 14 Legal Reasons To Evict
" 1 in 2 LA Households live in a rent-controlled unit" -HCIDLA
If you own an income property in Los Angeles It is very possible that it may fall under the RSO (Rent Stabilization Ordinance).
As an Owner it would behoove you to learn and understand what this means. I am hopeful that most LA city landlords follow and understand the ordinance.
However if you are a Landlord and would like more info, please contact us directly. ( We are always happy to share our knowledge)
J Valen Real Estate Group 310-231-6864
Legal reasons to proceed with a tenant at-fault eviction
Non-Payment of rent (Rent is not received by the date specified in your rental agreement)
Lease Violation (Tenant must receive a written notice from you to fix violation prior to eviction)
Nuisance ( This would include damage to rental unit or unreasonable interference or harm to other residents)
Illegal Purpose ( Using the unit for anything other than residential use. This includes gang or drug activity)
Failure to renew lease ( Lease agreement or rental agreement expired and tenant refuse to sign a new one with similar terms)
Denial of access (If your tenant refuses you or any agent/property manager/vendor reasonable access to unit. This also includes access when a property is being sold)
Unapproved Tenant ( Any person not listed in original contract at the end of lease is considered a sub tenant and needs to be approved by owner)
Violation of Tenant Habitability Plan ( The tenant is interfering with the ability to perform PR repairs or Seismic retrofit work OR fails to pay rent increase, if applicable)
Legal reasons to proceed with a tenant NO-Fault eviction
(These evictions require a Landlord Declaration with HCIDLA and the tenant may be eligible to receive relocation assistance for an eviction)
Owner/Resident Manager (You, family member, or resident manager would need to occupy unit)
Permanent removal from rental housing market OR Demolition of the Building
Compliance with government order (notice requiring the rental unit vacant)
Residential Hotel unit conversion and Demolition
Conversion to affordable housing
Well there you go..
If you like this post and would like to see more topics on RSO, Let us know!!