LA tenants are facing rent hikes of up to 6%; city officials ... - LAist

Dec 24, 2024 · Why Feb. 1 is such a key date. The reason so many L.A. tenants are facing an increase on Feb. 1 goes back to the waning days of the city’s COVID-19 emergency period.

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LA Tenants Are Facing Rent Hikes Of Up To 6%; City Officials ... - LAist

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Dec 24, 2024 · Why Feb. 1 is such a key date. The reason so many L.A. tenants are facing an increase on Feb. 1 goes back to the waning days of the city’s COVID-19 emergency period.

laist.com

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New Rent Hike Limits Largely Unchanged For LA And OC Residents

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That's why in 2022, the law’s maximum allowable rent hike of 10% was in place. The backstory The state’s Tenant Protection Act, passed in 2019, puts a ceiling on how much landlords can …

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The Latest LA Real Estate News - The OC, Rent Control, & Existing …

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OC home prices expected to fall by 11% as recession looms “Storm clouds are brewing for Orange County real estate, with home prices expected to tumble this year by more than 10 …

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TimesOC: With Eviction Ban Ending, A Big O.C. City Aims To Protect ...

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Sep 24, 2021 · The rent control ordinance would cap rent increases at 3% annually on apartments and mobile homes, but landlords may ask the city manager for an exemption if it prevents a …

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FAQs about LA tenants are facing rent hikes of up to 6%; city officials ... - LAist Coupon?

Will rent increases increase in Los Angeles & Orange County in 2023?

M any renters in Los Angeles and Orange counties will see little difference in the maximum allowable rent increase this year. That cap goes to 8.9% compared to 8.8% in 2023. Annual increases go into effect each Aug. 1. Under the law, allowable rent increases rise along with inflation. The higher inflation gets, the more landlords can raise rents. ...

Are apartment prices moving in the opposite direction in Orange County?

But prices are moving in the opposite direction in Orange County. Overall rents in L.A. County are down 2.6% over last year, while Orange County prices are up 2.2%, according to Apartment List. ...

Should a 3% rent increase be allowed in Los Angeles?

Tenant advocates have been pushing the L.A. City Council to enact rules that would never let increases exceed 3%. They’ve highlighted findings in the study commissioned by the city showing that a majority of L.A. tenants are burdened by high rents, with about one-in-ten paying more than 90% of their income on rent alone. ...

Are Los Angeles' housing changes a national trend?

The changes reflect a national trend, according to experts. Demand for housing in urban centers including Los Angeles dropped as people flocked to suburbs such as Orange County’s after the pandemic struck because many office staffers were allowed to work remotely. ...

Where did the La housing department's recommendations come from?

The L.A. Housing Department’s recommendations stem from an economic study commissioned by the city and first published by LAist, which obtained it through a public records request. ...