Vega Adjustment

Posted on October 15, 2017 in | comments

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 whe...

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Vacancy Decontrol

Posted on October 15, 2017 in | comments

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....

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Rollback date

Posted on October 15, 2017 in | comments

Rollback date is a 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 re...

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Rental Housing Fee

Posted on October 15, 2017 in | comments

Rental Housing Fee is a fee to be charged all landlords on an annual basis. The fee may be different for those units that are partially exempt. The fee will likely be set by the RHC in October and per CSFRA is to cover t...

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Rental Housing Committee (RHC)

Posted on October 15, 2017 in | comments

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....

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Partially exempt unit

Posted on October 15, 2017 in | comments

A partially exempt unit is a unit otherwise eligible that was issued a certificate of occupancy after Feb. 1 1995. Partially exempt units are subject to just cause but not rent stabilization....

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Net Operating Income (NOI)

Posted on October 15, 2017 in | comments

NOI is net operating income. It is calculated by subtracting operating expenses from gross income....

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Maintenance of Net Operating Income (MNOI)

Posted on October 15, 2017 in | comments

The concept of Maintenance of Net Operating Income (MNOI) is the concept that the landlord was presumably receiving a fair rate of return in 2015, for example, and that the landlord should be able to maintain this NOI in...

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Just Cause

Posted on October 15, 2017 in | comments

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...

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Fair Rate of Return

Posted on October 15, 2017 in | comments

Fair Rate of Return is a key term as landlords may petition for an upward adjustment to the rent, above the Annual General Adjustment (AGA), if they can show that the AGA does not give them a fair rate of return. CSFRA e...

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