Often Los Angeles landlords are shocked to discover that they own property subject to the Rent Stabilization Ordinance (RSO), commonly known as Rent Control.
Generally, any property located in the City of Los Angeles containing two or more units and built before October 1978 is subject to the RSO.
The RSO limits your rights as a landlord.
Under the RSO, a landlord cannot evict a tenant without a reason (such as non-payment of rent or being a nuisance) and is limited to an annual rent increase as published by the City of Los Angeles. Normally the rent increase allowed by the City of Los Angeles is between 3-5%. Each unit must also be registered with the City of Los Angeles.
The RSO is a complicated set of laws.
So if you are about to purchase a multi-unit property in the City of Los Angeles, or if you have questions regarding your property, you need to hire a landlord attorney that specializes in landlord law to learn more about the RSO.
Practice Area: Landlord Law