pages: RentReviewAdvisoryCommittee/2018-01-10.pdf, 2
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RentReviewAdvisoryCommittee | 2018-01-10 | 2 | Approved Minutes January 10, 2018 7-B. CASE 963 - 1030 Lincoln Ave., Unit A Tenants: Temo Martinez and Laura Martinez Landlords: Craig Wallace and Laurie-Anne King Spanish language translator: Rent Program staff member Janice Heredia Proposed rent increase: $1,190 (90.8%) to a total rent of $2,500, effective February 1, 2018 The landlords stated that rent was below market and the building needed maintenance. They referred to a quote for foundation work in the amount of $30,000. They said they have a good relationship with their tenants. They informed the Committee that they purchased the home for $1.7 million, so their mortgage and property taxes were higher than that of the previous owners. They acknowledged that the tenants had a personal relationship with the previous landlord and that they worked at the previous landlord's restaurant in addition to living at his property. The tenants stated that they have lived in the unit since 1998 and that their son was born in the home and it was the only home he had ever known. They said that they understood that the landlord was making a business decision but they could not afford the increase they were requesting. They stated that their household income was about $4,000 per month, that there are times when they cannot make ends meet, and times when they have up to a $500 monthly surplus. They said they could afford a 5% rent increase. Chair Cambra asked for a numerical value for how much they could afford. The Mr. Martinez responded they could afford a $300-$400 increase at most. Vice Chair Sullivan- SariƱana added that the parties were not compelled to answer questions about finances. Chair Cambra asked if the parties learned anything they did not know before. The landlords said they thought that the tenants had only occupied the unit for two years, as their management company, OMM, only began managing the unit in 2015 and only had records going back that far. The tenants restated that they had been there since 1998 and added that they had a brother who lived in the unit from 1990 until 1998. The tenants said they did not know the purchase price of the property before the meeting. Chair Cambra asked if either party wanted to change their position in light of the new information they learned. Mr. Wallace said he'd like to be generous but if they only increased the rent 5% each year, they could never bring the unit up to market rate, which would be detrimental to their finances. Page 2 of 6 | RentReviewAdvisoryCommittee/2018-01-10.pdf |