Your Guide to Rent Increases in Los Angeles City 2023: What You Need to Know!

Whether you’re a tenant or landlord, it’s crucial to understand the regulations governing rent adjustments. We’ll break down the maximum allowable rent increases, share some useful tips, and ensure you’re well-informed about your rights and responsibilities. Let’s dive in!

Rent Stabilization Ordinance (RSO) in Los Angeles City: To safeguard tenants from unfair rent hikes and ensure affordable housing options, the Los Angeles City Council established the Rent Stabilization Ordinance (RSO). The RSO covers rental units built on or before October 1, 1978, known as “covered units.”

Maximum Allowable Rent Increase for 2023: Each year, the maximum allowable rent increase is determined by the Rent Adjustment Percentage (RAP), calculated based on the Consumer Price Index (CPI). The CPI reflects changes in the cost of living and serves as a measure of inflation. While the specific RAP for 2023 hasn’t been released yet, historical data suggests a typical range of 3% to 4% for previous years. So, expect a similar range for 2023’s maximum allowable rent increase.

Exceptions and Exemptions: While the RSO sets general guidelines, it’s important to be aware of exceptions and exemptions. Properties built after October 1, 1978, and those with a Certificate of Occupancy after that date are exempt from the RSO. Additionally, certain government-subsidized and designated affordable housing units may have their own unique guidelines.

Tenant Rights and Protections: Under the RSO, tenants enjoy various rights and protections. Landlords must provide written notice to tenants before implementing a rent increase. Generally, 30 days’ notice is required for increases between 3% and 10%, and 60 days’ notice for increases above 10%. Tenants should carefully review rent increase notices and understand their rights.

Conclusion: Staying informed about maximum rent increases in Los Angeles City is vital for landlords and tenants alike. The Rent Stabilization Ordinance (RSO) ensures fair and affordable housing options. As we anticipate the specific Rent Adjustment Percentage (RAP) for 2023, landlords should familiarize themselves with RSO guidelines, provide proper notice, and be transparent. Tenants should know their rights and seek clarification if needed.

Remember, this blog post offers a general overview. For the most up-to-date information, consult official sources like the Housing and Community Investment Department (HCIDLA). Please note that this post provides informational content and not legal advice. Seek guidance from qualified legal professionals or relevant authorities for specific concerns.