Q and A with Prop West

Q) I own a building that is under rent control and due to the recent economy I have not raise rents in the last few years. Once the economy improves I would like to raise rents again. Can I make up for the last three years of not increasing rents by combining all of the increases from the last few years?

A) No. Basically if you don't use it, you loose it! Under Rent Stabilization for the City of Los Angeles you can not increase the rent more than the allowed amount per year.