Rental Basics in Chico>Question Details

kcarl, Renter in 95928

Does my landlord have the right to raise the rent & charge whatever he wants to, even though the home and neighborhood has devalued?

Asked by kcarl, 95928 Mon Oct 15, 2012

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6
The rental agreement you signed should call out the terms under which the rent can be raised, re-read the lease agreement and get legal advice if the terminology is vague or unclear.
0 votes Thank Flag Link Sun Nov 4, 2012
Hi kcarl,

You have the answer to your primary question.

The reason many rental markets are seeing increases is because of the "natural" demand brought about by Homeowner foreclosures.

These links might also prove useful for understanding "who can do what when".

http://docs.Steven-Anthony.com/Landlord-TenantGuideCA2010.pdf
http://www.nolo.com/legal-encyclopedia/renters-rights

-Steve
0 votes Thank Flag Link Mon Oct 15, 2012
Absolutely. The owner has the right to charge any rent he wishes if he wishes. It's his property. Your choice is to pay the rent or move.
0 votes Thank Flag Link Mon Oct 15, 2012
The answers below are good answers and should give you some pretty good guidance. If you need more specifics, the California Department of Consumer Affairs has an online resource on tenant/landlord rules so you may want to check that out if it seems like your landlord is doing something that is not part of the lease agreement.

And many cities have Housing Departments that govern tenant rights, so you may want to check to see if Chico has one for further guidance. Good luck.
0 votes Thank Flag Link Mon Oct 15, 2012
Yes.

And you have the right to decide you don't want to pay the higher rent and move.

All of that, of course, must occur within the terms of any lease. Thus, in the middle of your lease your landlord can't simply say: "Forget the lease. I'm raising the rent." But upon lease renewal, your landlord can propose to raise the rent. (If there are city rent controls, a proposed increase must be wthin allowable parameters.) And you can decide whether you wish to pay it, or whether you want the lease to expire and find a new place.

Incidentally, home valuation has nothing to do with rents. Rentals and sales are two parallel markets, not the same market. You often have situations where one is going up and the other is going down. And I can show you where $900 rents a $50,000 home and another place where $900 rents a $200,000 home.

Hope that helps.
0 votes Thank Flag Link Mon Oct 15, 2012
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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If you have a lease the lease may not be changed. If you're renting month to month then the landlord can do whatever they want and you should simply find another place to live. If your lease is coming up for renewal, you landlord can notify you that he wants more rent and you can tell them you're not willing to pay it. The fact that the home and neighborhood have devalued (in your opinion) has nothing to do with the rent a landlord can ask. If other like you feel the rent is too high then the landlord will simply have a vacant property and will ultimately realize the market isn't bearing the rent he's asking.
0 votes Thank Flag Link Mon Oct 15, 2012
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