I just received my rent increase notice and noticed that there are 2 offers:
- One year lease contract would increase my rent by 10%
- Month-to-month leasing with the amount from #1 + $500.
I got this notice 40 days prior to the current leasing agreement ends and I'm in California. I know that landlord must give 30 notice if the increase is < 10% but the 2nd options is much more (>15%). Is it legal?