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.
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