My question involves accounting practices in landlord-tenant law in the State of: CA
I live in a senior mobile park and the rental increase notice states
That the rent is being raised 3% which results in an uneven number
The landlord stated that the increase would be rounded up to the next
OK-- .40 seems like nothing - but X 12mo = 4.80 X 200 homes = 960.00
The way I see it this profit is from unearned income .
Also - if the rent is raised again the next year - it would be based
on the 15.00
Conceivably in a few years, this could amount alot of "rounded" profit
What the tenants fear - is that if they agree by paying this increase in
90 days - they will lose any legal argument that it was unfair or illegal.
Would this be considered unfair business practice or some other legal issue?
I'll be back later and hopefully there will be some opinions on this
Thank you so much~