ACTION Apartment Association - What Rent-Controlled Tenants and Landlords Need to Know After the Passage of Measure RC

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What Rent-Controlled Tenants and Landlords Need to Know After the Passage of Measure RC

What Rent-Controlled Tenants and Landlords Need to Know After the Passage of Measure RC

12/15/2022 9:07 AM | Margaret Fulton (Administrator)

Measure RC reduces this year's 6% increase to Maximum Allowable Rents (MAR) in effect on August 31, 2022 to a 0.8% increase from February 1, 2023 through August 31, 2023. The result is an annual increase for the year (from September 1, 2022 through August 31, 2023) that averages 3%. Similarly, other units with higher rents that received the maximum increase of $140 will have the monthly increase reduced to $19 starting in February. Measure RC requires this Adjusted General Adjustment so that the average rent increase for the year (from September 2022 to August 2023) does not exceed 3% or $70 per month, whichever is less.