A used-bookstore in Eagle Rock received a 30-day notice that monthly rent would rise from $1,200 to $2,805 on April 1. The notice required the tenants to decide within 11 days whether to accept the increase and, if accepted, agree to a three- to five-year lease. The owners said the increase was financially impossible and felt intimidated. They searched for legal protections and found California’s Senate Bill 1103, which protects qualified commercial tenants and requires 90-day notice for rent increases above 10%. When they contacted the property management company, they reported evasiveness and said the law’s enforcement was limited without acknowledgment.
"When the Kaplans tried to contact the new property management company, Jeremy said, Systems Real Estate was evasive. "It's the one bill that protects commercial tenants, and it's a fairly toothless bill because they don't have to acknowledge it, unless you make them acknowled"
#commercial-tenant-protection #rent-increase-notices #california-senate-bill-1103 #small-business-leases #eagle-rock
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