This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
San Diego California Provision Calculating the Rent Increase: A Comprehensive Guide San Diego, California, is a vibrant city known for its beautiful beaches, favorable weather, and a diverse population. One key aspect of living in San Diego is understanding the provisions and regulations related to calculating rent increases. In this detailed description, we will explore the various types of provisions in San Diego, California, for calculating rent increases and provide relevant keywords for easy comprehension. 1. Rent Control: San Diego does not currently have rent control measures in place. However, there are certain provisions and regulations that landlords and tenants must adhere to. 2. Rent Stabilization: Despite the absence of rent control, San Diego has implemented rent stabilization in the form of the "Rent Stabilization Program" (RSP). The RSP aims to provide fairness and balance in rent increases by limiting the annual percentage increase. 3. Annual Rent Increase Limit: The RSP determines the maximum allowable rent increase each year. Currently, the annual rent increase limit in San Diego is capped at 5%. Landlords cannot raise the rent beyond this limit unless certain exceptions apply. 4. Exceptions to the Annual Rent Increase Limit: There are exceptions to the annual rent increase limit for some properties in San Diego. Buildings constructed after February 1995, single-family homes, condominiums, and certain government-subsidized housing units are exempt from the 5% limit. 5. Just Cause Eviction: San Diego has enacted a Just Cause Eviction ordinance to protect tenants from unwarranted evictions. Landlords cannot evict tenants without a valid reason, such as non-payment of rent, breach of lease, or illegal activities. Keywords: San Diego, California, rent increase, provisions, regulations, rent control, rent stabilization, Rent Stabilization Program, annual rent increase limit, exceptions, just cause eviction, landlords, tenants, fairness, balance. In conclusion, San Diego, California, has provisions and regulations to govern rent increases, even though it does not have rent control. The Rent Stabilization Program sets an annual rent increase limit of 5%, with exceptions for certain properties. Additionally, the Just Cause Eviction ordinance protects tenants from unjust evictions. By understanding these provisions, both landlords and tenants can navigate the rental market in San Diego with clarity and fairness.San Diego California Provision Calculating the Rent Increase: A Comprehensive Guide San Diego, California, is a vibrant city known for its beautiful beaches, favorable weather, and a diverse population. One key aspect of living in San Diego is understanding the provisions and regulations related to calculating rent increases. In this detailed description, we will explore the various types of provisions in San Diego, California, for calculating rent increases and provide relevant keywords for easy comprehension. 1. Rent Control: San Diego does not currently have rent control measures in place. However, there are certain provisions and regulations that landlords and tenants must adhere to. 2. Rent Stabilization: Despite the absence of rent control, San Diego has implemented rent stabilization in the form of the "Rent Stabilization Program" (RSP). The RSP aims to provide fairness and balance in rent increases by limiting the annual percentage increase. 3. Annual Rent Increase Limit: The RSP determines the maximum allowable rent increase each year. Currently, the annual rent increase limit in San Diego is capped at 5%. Landlords cannot raise the rent beyond this limit unless certain exceptions apply. 4. Exceptions to the Annual Rent Increase Limit: There are exceptions to the annual rent increase limit for some properties in San Diego. Buildings constructed after February 1995, single-family homes, condominiums, and certain government-subsidized housing units are exempt from the 5% limit. 5. Just Cause Eviction: San Diego has enacted a Just Cause Eviction ordinance to protect tenants from unwarranted evictions. Landlords cannot evict tenants without a valid reason, such as non-payment of rent, breach of lease, or illegal activities. Keywords: San Diego, California, rent increase, provisions, regulations, rent control, rent stabilization, Rent Stabilization Program, annual rent increase limit, exceptions, just cause eviction, landlords, tenants, fairness, balance. In conclusion, San Diego, California, has provisions and regulations to govern rent increases, even though it does not have rent control. The Rent Stabilization Program sets an annual rent increase limit of 5%, with exceptions for certain properties. Additionally, the Just Cause Eviction ordinance protects tenants from unjust evictions. By understanding these provisions, both landlords and tenants can navigate the rental market in San Diego with clarity and fairness.
