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Old 07-14-2011, 08:49 PM
13 posts, read 25,244 times
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1. i found house in los angeles that says Legal Disclosures (Rent Control) what does that mean? Does that mean that I cannot charge high prices? What exaclty is the problem with rent control houses.. i am tyring to buy this house.
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Old 07-14-2011, 11:05 PM
181 posts, read 565,190 times
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It depends on the city/county that you are buying the property in and the year the property was built. The most simple form of rent control means you cannot raise the rent by more than a certain % each year. Some cities have stricter rent control laws than others.
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