Friday, July 16, 2010

Is there a limit on rental rate raise for apartment in LA? Landlord wants to raise rate to the max allowed.?

Question regards Los angeles county.Is there a limit on rental rate raise for apartment in LA? Landlord wants to raise rate to the max allowed.?
Years ago (1988) I was an apartment manager in Van Nuys.





If I recall correctly, the rental increase was limited at that time to 10% per year over the previous year.





For Example:


Year 1 - 500/mo


Year 2 - 550/mo


Year 3 - 605/mo





This is a direct quote from the LACH on rent stabilization: ';The annual allowable rent increase is based on the Consumer Price Index (CPI) average for the Los Angeles 鈥?Long Beach 鈥?Anaheim areas for a 12 month period ending September 30 of each year (LAMC 151.07 A6). Under the RSO, the percentage can be no lower than three percent (3%) and no higher than eight percent (8%). A landlord may increase rent by the approved percentage once every 12 months. The landlord is required to give tenants written notice 30 days before increasing the rent. Additional rent hikes are permitted under certain circumstances. Details on the rules for rent increases can be found in Rent Stabilization Bulletins on the LAHD website. '; (That quote comes from the second link below.)





You can file a complaint if the landlord is violating this. That form is on the third link.





Good luck!

No comments:

Post a Comment