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The Tenant Protection Act limits how much landlords and property managers can raise rents annually. Here's this year's maximum increase for many L.A. renters.
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Back at Blackstone's Terre at Madison complex, Iraides Gonzalez received an even larger rent increase in April — $242 a month — and now pays $2,667, according to lease documents.
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [7] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [7] The increases are pegged to the rental rate as of March 15, 2019. [7]
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
In California, where George is based, the state requires landlords to give 60-days’ notice for tenants who have lived in the property for more than a year (or 30 days for less than a year ...