Vega Adjustment

Vega Adjustment addresses situations where the base year NOI was unusually low, typically because the rent charged for 1 or more units was unreasonably low. Vega refers to a court case which required such adjustments when using the MNOI methodology for fair rate of return. The RHC adopted a Vega Adjustment methodology which allows the … Continue reading Vega Adjustment

Vacancy Decontrol

Vacancy Decontrol refers to the situation that occurs when a tenant voluntarily vacates a unit; the landlord can then charge whatever the market rent is at that time.

Rollback date

Rollback date is a CSFRA term referring to the date (Oct. 19, 2015) taken to calculate the Base Rent for current tenancies whose establishment predates the rollback date. It is called a “rollback” date because the CSFRA required upon its effective date that rents could not be higher than the Base Rent.

Rental Housing Fee

Rental Housing Fee is a fee to be charged all landlords governed by CSFRA on an annual basis. The fee may be different for those units that are partially exempt. The fee is set by the RHC and per CSFRA is to cover the costs of implementation of CSFRA.

Rental Housing Committee (RHC)

The Rental Housing Committee per CSFRA shall consist of 5 Mountain View residents appointed by the City Council; no more than 2 members can own or manage rental property, or be realtors or developers.

Just Cause

Just Cause for eviction means the Landlord has a good reason for terminating a tenancy, generally either failure to pay rent, or breach of the lease by the tenant. Reasons are stated in California Code of Civil Procedure and detailed in Dept. of Fair Employment and Housing definition. Tenants in all rental units (unless exempted … Continue reading Just Cause