About Properties West

My photo
San Pedro, CA, United States
At Properties West our team of professionals realizes that just as every property is unique so is the objective of every owner. Since our inception in 1981, we have been an industry leader in the management of residential homes, apartment buildings and condominiums. Please take a moment to review the time and money saving services we offer which provide the utmost in property management.

Friday, April 15, 2011

Q and A with Prop West: Rent Control

Rent Stabilization Updates: 1. Allowable Annual Rent Increase: The Los Angeles Rent Control annual rent increase for 2011 is currently 3% through June 30th and will remain 3% from July 1st, 2011 through June 30th, 2012. 2. City of Los Angeles Rent Registration was due February 28th, 2011. The cost is $18.71 per unit. The Los Angeles Division allows owners to pass-through one half of these fees ($9.35) with a 30-day notice, collectible in the month of June only. You must include a copy of the Rent Stabilization certificate to show proof that you paid the fees.