Rents On The Rise

This morning, in the Los Angeles Times’ business section there was a good discussion of residential rents being on the rise in Southern California.  According to the article, there is a housing shortage for rentals – more demand than supply.  As real estate lawyers practicing throughout Southern California we frequently see all types of disputes.   With an increased demand for housing there tends to be an increase in litigation.  We find that the better the market (the higher the prices both for rent and for purchases and sales) the more tensions rise and litigation ensues.

It is important to always keep in mind that price should not always be the determinative factor in a relationship between landlord and tenants.  A good tenant at a fair price over time can be much better from a business prospective than a high paying problematic tenant.