Rent control increases in Santa Monica could be limited to a fixed maximum, regardless of the percentage calculation, if the Rent Control Board passes a cap at their July 8 meeting. [NOTE: Actual date is June 8]

At tonight’s public meeting, the Santa Monica Rent Control Board will consider whether to set a $40 ceiling on 2017 and 2018 rent increases. Back in May, the Board set the 2017 General Adjustment at two percent.

Read More: http://smdp.com/rent-control-cap-could-be-limited-to-40/161246