The council decided to base the increase on inflation data from October 2022 through September 2023 rather than the prior year, which would have resulted in a steeper rent hike, according to the “Los Angeles Daily News.”
Source: Inman News
LA City Council votes to end 3-year freeze on rent hikes
Published in la rent control, Property Portfolio, rent control and Select
More from Property PortfolioMore posts in Property Portfolio »
More from rent controlMore posts in rent control »
- RealPage may catch break under Trump’s ‘One, Big, Beautiful Bill’
- How rent control policies are reshaping multifamily investments
- REBNY sues the City of New York to stop FARE Act enforcement
- President Biden’s 5% rent cap falls flat with industry leaders
- 13K NYC rent-stabilized units have been vacant since 2021: Study
More from SelectMore posts in Select »
- Dawn of a new era: Here’s how NAR says it’s changing for its members
- 5 copy-and-paste direct-mail campaigns that will fuel your best year ever in 2026
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
Be First to Comment