San Diego rent can increase up to 10% after CA law - FORECLOSURE FRAUD

Categorized | STOP FORECLOSURE FRAUD

San Diego rent can increase up to 10% after CA law

San Diego rent can increase up to 10% after CA law

SAN DIEGO — Rent could increase up to 10 percent at tenant’s next renewal because of a California law.

A law passed in 2019 kicked back into effect on Aug. 1, because the federal eviction moratorium expired July 31.

The California Tenant Protection Act of 2019, or AB1482, limits annual rent increases to no more than 5%, plus the local Consumer Price Index (the inflation rate), or 10%, whichever is lower. Since inflation is so high, a 10% rent increase is lower than 5%, plus the local inflation rate. According to the Bureau of Labor Statistics, the CPI for San Diego is more than 8%. Since the law states that the maximum increase is either 10%, or 5%, plus CPI (in this case it would be about 8% + 5% =13% rate increase), 10% is the lower percentage and currently the cap.

 

To continue reading the rest of the article, please click on the source link below:

https://fox5sandiego.com/news/local-news/san-diego-rent-can-increase-up-to-10-after-ca-law/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 11558 posts on FORECLOSURE FRAUD.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

Advert

Archives