Can the new owner of my commercial rental raise my monthly rent by more than 40%?
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Can the new owner of my commercial rental raise my monthly rent by more than 40%?
Asked on November 11, 2012 under Real Estate Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
A commercial landlord--old owner or new--may not raise the rent in the middle of a lease term (i.e. before written lease expires); in this regard, note that the buyer of a building takes it subject to (i.e. is bound by) all in-force leases.
However, at the expiration of the lease, or on one month's notice if the rental is month to month (which includes if there is no written lease), the landlord may raise the rent to anything he/she likes; there are no limitations on what a commercial landlord may charge a commercial tenant.
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