The Santa Monica Rent Control Board on Tuesday announced a mandated 2.8 percent annual rent increase starting on September 1.

The increase is based on a formula dictated by the Rent Control Charter that sets the amount at 75 percent of the Consumer Price index for the 12-month period ending as of March.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2023/May_2023/05_11_2023_Rent_Board_Announces_2_point_8_Percent_Rent_Increase.html