People who move into units in rent-controlled buildings on a lease of less than a year are still protected by rent control — which means they can stay beyond their lease term, as long as they pay rent and follow the building’s rules. They also have protection against sharp rent increases. But people renting corporate apartments probably don’t want to stay for long, which allows landlords to reset rents more often than if they rented it in a traditional fashion.

Source: Los Angeles Times June 10, 2019 14:03 UTC