Los Angeles and Orange County got new limits on how much rent can go up on Thursday.
Laws that control rent set limits on how much a landlord can charge renters and how often rent can be raised. If a building is not covered by rent control, the landlord can raise the rent by any amount.
The most that rent can go up in both L.A. and Orange counties starting in August 2024 is 8.9%, which is a little more than last year’s 8.8%.
The lid will stay on until August 2025. The California Tenant Protection Act, also known as Assembly Bill 1482, became law in January 2020.
Rental prices can’t go up by more than a certain amount each year. If you live in a newer apartment building, your owner may be able to raise your rent even more. This rule usually applies to older apartment buildings.
Because of the Tenant Protection Act, the total rise for the year can’t be more than 10%. If your owner has raised your rent a lot, they may be breaking this law.
On the L.A. County website, it says that landlords must give written warning before raising rent, even if the property is rent-controlled.
The Board of Supervisors put a 4% cap on rent rises for rent-controlled apartments in unincorporated areas in June. This cap will stay in place until the end of the year.
The Mobilehome Rent Stabilization and Mobilehome Owners Protections Ordinance (MRSMOPO) is another local rule that keeps rent increases to a minimum for mobile home spaces in unincorporated parts of the county.
Source: ABC News