San Jose California Agreement to Manage Multi-Family Apartment Building

State:
Multi-State
City:
San Jose
Control #:
US-0129BG
Format:
Word; 
Rich Text
Instant download

Description

Apartment managers look after apartment buildings and housing to make sure it is in good working order, looks clean and well-maintained and everything is in working order. Apartment managers may work for a real estate company, a third party management company, or directly for the building owner.

The San Jose California Agreement to Manage Multi-Family Apartment Building is a comprehensive contract that outlines the terms and conditions for the management of multi-family apartment buildings in the city of San Jose, California. This agreement is designed to ensure smooth operations, proper maintenance, and tenant satisfaction within the apartment building. The agreement covers various aspects, including lease agreements, rent collection, property maintenance, tenant communication, and dispute resolution. It serves as a legally binding document that both the property owner and the property management company must abide by. Key terms and provisions included in the San Jose California Agreement to Manage Multi-Family Apartment Building may include: 1. Lease Agreements: The agreement will detail the terms and conditions under which tenants may lease units within the apartment building. This includes rent amount, security deposit, lease duration, and rules and regulations for tenants to follow. 2. Rent Collection: The agreement will outline the procedures for rent collection, including due dates, late fees, procedures for handling non-payment, and methods of payment accepted. 3. Property Maintenance: The agreement will specify the responsibilities of the property management company regarding regular maintenance and repairs of the apartment building. This includes ensuring the building is in compliance with all applicable laws and regulations, responding to maintenance requests promptly, and scheduling routine inspections. 4. Tenant Communication: The agreement will highlight how tenants can communicate with the property management company regarding any concerns, maintenance requests, or conflicts that may arise during their tenancy. 5. Dispute Resolution: The agreement will provide a mechanism for resolving disputes between the property owner, property management company, and tenants. This may involve mediation, arbitration, or legal proceedings as necessary. Some variations or specialized types of the San Jose California Agreement to Manage Multi-Family Apartment Building may include: 1. Affordable Housing Agreement: This agreement is specific to apartment buildings that participate in affordable housing programs, outlining additional requirements and regulations mandated by government agencies. 2. Condominium Association Agreement: This agreement is tailored for multi-family apartment buildings that operate as condominiums, addressing the unique governance and management structure of a condominium association. 3. Student Housing Agreement: This agreement is designed for apartment buildings that primarily cater to college or university students, including provisions for academic calendar-based lease terms and specialized rules for student tenants. In conclusion, the San Jose California Agreement to Manage Multi-Family Apartment Building is a critical legal document that ensures efficient and lawful management of multi-family apartment buildings in San Jose. It encompasses various important clauses to protect the rights and interests of both property owners and tenants.

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FAQ

In the Bay Area, you can expect a 650-square-foot ADU to cost around $350,000 on average to construct where a 350-square-foot ADU will likely cost around $225,000 to build. Of course, your costs may be more or less, depending on what you want for your accessory dwelling.

The Community Opportunity to Purchase Act, or COPA, is a new City law that gives qualified non-profit organizations the right of first offer and/or the refusal to purchase eligible properties on the market to prevent tenant displacement and create long-term affordability.

In Santa Clara County, landlords will not be able to raise rent in one year more than an estimated 8.3% per year. If you have rented your unit for over a year, your landlord will not be able to evict you without a good reason, like not paying rent or violating your lease agreement.

Single-Family Units An attached ADU can be up to 800 square feet or up to 50% of the primary residence square footage without exceeding 1,000 square feet. For single family lots 9,000 square feet and up, detached ADUs cannot be larger than 1,200 square feet.

A new, custom-built detached ADU may cost as much as $250,000. Retrofitting an existing attached garage or basement may cost approximately $80,000 to $150,000, depending on size, existing plumbing, and how you design the space.

The Community Opportunity to Purchase Act (COPA) gives qualified non-profit organizations the right of first offer, and/or the right of first refusal to purchase certain properties offered for sale in the City.

Data shows the average rent for an ADU across the South Bay is about $1,900; the average size is about 460 square feet. The average rent in San Jose, where there were 20 listings, was slightly lower at about $1,700 per unit.

The median statewide construction cost of an ADU is $150,000, or $250/square foot. A significant portion of ADUs (37%) cost less than $100,000 to build, and 71% of ADUs cost less than $200,000 to construct.

San Jose's rent control law limits owners to one rent increase each year that does not exceed 5%. Owners wishing to raise the rent must provide at least 30 days' notice to tenants before the effective date of the increase and must comply with all local and state regulations and terms of existing lease agreements.

The Community Opportunity to Purchase Act (COPA) gives qualified non-profit organizations the right of first offer, and/or the right of first refusal to purchase certain properties offered for sale in the City.

More info

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San Jose California Agreement to Manage Multi-Family Apartment Building