The law limits yearly rent increases at 5% plus inflation for the next 10 years. Had the policy been in place this year, rent increases in the Los Angeles area would be limited to 8.3% while those in San Francisco would have been capped at 9%.

There are a number of exceptions to these rules. The rent cap would not apply to apartments built within the last 15 years or single-family home rentals unless they’re owned by corporations or other institutional investors.

Read More: https://www.latimes.com/california/story/2019-10-08/how-will-californias-new-rent-cap-affect-me