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Rent control laws in California ( AB 1482) stipulate that property managers and landlords may not increase rent more than 5% plus inflation, or 10% of the lowest rate charged in the previous 12 months. On or after this date, active lease agreements will terminate for the affected unit(s). Unless the landlord agrees to give it to you early, usually, you have to wait until the end of the lease (yes, the lease you transferred). Most leases have a one-year term because finding the right tenant is a tedious and time-consuming process. Leaving before a fixed-term lease expires without paying the remainder of the rent due under the lease is called breaking the lease. You can help the situation a lot by providing as much notice as possible and writing a sincere letter to your landlord explaining why you need to leave early. It may be that your landlord won't just let you off the hook as far as your lease goes. [ ] Death by communicable disease:_______. Remember the months of scrimping, saving and organizing you had to do before you rented your place? Before you can move forward with a lease takeover, you need to ensure your landlord is on the same page. You may be surprised at how easy it is to just break your lease instead. Some people open up their apartments to home-sharing apps like Airbnb, but it also requires prior landlord approval. The landlord rejected the tenants offer because it was much lower than the offer from the third party ($505,000 as compared to $676,000). 2023, iPropertyManagement.com. Code 1161(4) (2022).) You can also use this time to address any questions or concerns prospects may have about the lease takeover arrangement. It's important to see whether your lease allows for an assignment or not. Whether you have an apartment, townhouse, or even a mobile home for rent, we have everything you need to connect property managers, owners, and agents to prospective tenants and begin the rental process. Depending on your lease, you may have to pay for each month you're not there. .doc.pdf customize. (b) (1) A landlord or authorized agent that applies any pesticide to a dwelling unit without a licensed pest control operator shall provide a tenant of that dwelling unit and, if making broadcast applications, or using total release foggers or aerosol sprays, any tenant in an adjacent dwelling unit that could reasonably be impacted by the pesticide use with written notice that contains the following statements and information using words with common and everyday meaning: (B) The name and brand of the pesticide product proposed to be used. [ ] Home Square Footage Will you still be on the hook for rent if the lessee doesn't pay? This document is proof that the landlord is authorizing the lease takeover. Do Not Share or Sell My Personal Information, Depending on your lease and its clauses, your apartment lease transfer could be seamless or a real nightmare, Your landlord may charge you a fee to transfer your lease to screen the new candidate on top of your next months rent, If youre thinking of moving, heres what to watch out for when requesting an apartment lease transfer.