A high-profile real estate firm in San Jose has settled a complaint filed by state justice officials that claimed the developer violated the rights of 19 of the company’s tenants.
SAN JOSE — A high-profile real estate firm in San Jose has settled a complaint filed by state justice officials that claimed the developer violated the rights of 19 of the company’s tenants, according to legal papers.
The settlement obliges Green Valley to pay $391,130, which consists of $331,130 in restitution to 17 employee tenants who were impacted by the company’s actions and $60,000 in penalties. As of the latter part of July 2021, the maximum rent increase allowed in Santa Clara County was 9%, the court documents stated.
San Jose-based Green Valley is refunding 15 months of overpaid rent to the employee tenants who paid the unlawful increases, state justice officials said. Landlords are allowed to terminate leases and evict tenants for certain just causes spelled out in state laws.
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