How to raise tenants’ rent legally in Los Angeles, Tips and Tricks for the Wise Landlord. — Commercial Brokers International - Commercial Real Estate in Los Angeles

Abstract

The Los Angeles Rent Stabilization Act addresses allowable rent increases which historically has been three percent annually, but can be lower or even higher depending on the CPI for the previous year, as well as other factors they take into account. Los Angeles city extended their rent increase moratorium through June 30, 2022. Please keep in mind that if you do not follow proper protocol to increase your rents, your rental increase may be invalid. Timing is one of the most important considerations for rent increases. Depending on the amount of the rent increase, you may be required to give at least thirty days' notice, and upwards of sixty days' notice. Just remember, you don't have to wait until the anniversary to serve a 30-day notice, instead put it in your calendar at least 30 days prior to the lease anniversary, to serve a 30-day notice for rent increase. For starters, capital improvements! Landlords, in Los Angeles, who are planning on renovating, rehabbing, or basic capital improvements can apply for special rent increases using an application submitted to and approved by the Rental Board.