Tenants in Los Angeles should be aware of important laws pertaining to rent increases in 2024, which are mainly controlled by the California Tenant Protection Act (AB 1482) and the Rent Stabilization Ordinance (RSO). The following are the salient features of these laws:
Rent Increase Limits
-
RSO Cap
: From
July 1, 2024, to June 30, 2025
, landlords can increase rents for RSO-covered units by a maximum of
4%
annually. If landlords provide gas and electricity, they may add an additional
1%
for each utility, making a potential total increase of up to
6%
.
-
Statewide Cap
: Under the Tenant Protection Act, the overall cap for rent increases across California is set at
5% plus the local Consumer Price Index (CPI)
or
10%
, whichever is lower. For Los Angeles County, this means that as of August 2024, the maximum allowable increase is
8.9%
, reflecting adjustments based on inflation
.
Applicability
-
The RSO applies to residential properties built on or before
October 1, 1978
, and some newer properties that replaced demolished units from that era. This law aims to protect tenants from excessive rent hikes while allowing landlords to manage their expenses
.
Notice Requirements
-
Landlords are required to provide tenants with a
30-day notice
for rent increases of up to
10%
. For increases exceeding this threshold, a
60-day notice
is necessary
.
Eviction Protections
-
The Tenant Protection Act also prohibits no-fault evictions, meaning landlords cannot evict tenants without a valid cause. If a landlord wishes to end a tenancy for personal reasons or renovations, they must comply with specific regulations and provide relocation assistance in many cases
.
Additional Considerations
-
Tenants should be vigilant about any notices received regarding rent increases and verify whether their unit falls under the RSO or other local regulations. If landlords attempt to impose illegal increases, tenants can file complaints with the Los Angeles Housing Department
.
These rules are a reflection of continuous attempts to strike a compromise between the interests of landlords and tenant rights in response to Los Angeles’s housing market dynamics and economic difficulties.
Sources:
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Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.