In Los Angeles Is there a Maximum Limit for Rental Increase?
By Edmond Levy
I live in a Senior’s Only Apartment building in which all of the Tenants are retired and living on a fixed income such as Social Security.
I have been informed the building is NOT regulated by the Rent Stabilization Ordinance and after days of searching the internet I am unable to find out the governmental agency that regulates housing to determine the frequency of rental increases and the maximum allowable rental increase.
In February 2012 my rent was raised by $27 totaling an increase of 9.7%
In August 2012 my rent was raised by $27 totaling an increase of 9.6%
On January 2013 my rent will be raised another $28 for an increase of 9.5%
This constitutes a Rental Increase of 28.8% in an 11-Month period!
Since this is a Senior’s Only building, there must be some sort of regulation.
Edited on: Tuesday, December 4th, 2012 10:03 pm
One Response to “In Los Angeles Is there a Maximum Limit for Rental Increase?”
Robert December 5th, 2012 5:13 pm |
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Hi Edmond, |
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