Action Apartments Association, Inc.

Facebook Twitter RSS

  • Home
  • Rent Board Approves Biggest Increase in Four Decades

Rent Board Approves Biggest Increase in Four Decades

06/17/2022 8:44 AM | Margaret Fulton (Administrator)

The increase -- which goes into effect September 1 -- is based on the percentage increase in the Consumer Price Index for the LA region, which was 6.4 percent but capped at 6 percent by a 1990 Charter amendment.

While the Board had no choice but to impose the rent hike -- which has a ceiling of $140 that applies to rents of $2,340 or more -- it chose to also increase the annual registration fee for landlords, who can pass on half of that amount to tenants.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/June-2022/06_16_2022_Rent_Board_Approves_Biggest_Increase_in_Four_Decades.html

Copyright ©2025 ACTION Apartment Association, Inc.

Equal Opportunity Housing
Powered by Wild Apricot Membership Software