Legal Q&A – Subtenants in Your Rental Units

Owner’s rights under the Costa Hawkins Rental Housing Act. - Written by Clifford Fried - Posted May 10, 2016

Legal Q&A – Subtenants in Your Rental Units

Q. I had two tenants sign a rental agreement and now one of the two is moving and wants his friend to take his place. What should an owner do when an original occupant who took possession under the rental agreement with the owner moves out, no longer permanently resides in the unit, and a replacement roommate takes the place of the departing original occupant? My property is in Oakland and is subject to the Rent Adjustment Ordinance. A. The Costa Hawkins Rental Housing Act permits an owner to raise the rent to market to a subtenant or...

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It’s a Great Time to Buy & Sell

Real estate experts haven’t seen such a strong market since the 1980’s - Written by John Caronna - Posted Dec 8, 2015

It’s a Great Time to Buy & Sell

It is a great time to buy an investment property in the East Bay, and at the same time, it is also a great time to sell. All of us who live in the Bay Area know that rents have been on the upsurge for the last 12 months. A quick search of Craigslist rentals is an eye opening experience, as renters are paying in excess of $2,100-$2,600 for a two bedroom in many areas of Oakland, Berkeley, Walnut Creek and Pleasanton. In very desirable areas, such as Piedmont, Lafayette or Moraga, rents are even higher. I just helped clients rent an...

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Seller Beware

Why selling your property off-market is not in your best interest. - Written by JOHN CARONNA - Posted Dec 8, 2015

Seller Beware

If you are considering selling your multi-unit property, how you start your relationship with your real estate agent has a tremendous impact on the final results. As a multifamily property owner in the East Bay, I receive postcards and letters in the mail touting the expertise of real estate agents. As a real estate agent myself, specializing in multifamily properties, I also send out postcards with information to owners when I sell a property in their area. In the past year, I have noticed a trend with regards to the information on the...

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