A landlord group in Los Angeles is taking the city to court to try to force an end to a pandemic-era rent freeze that still is in effect for the city's rent-stabilized units.

The rent freeze, which prevents rent increases on nearly three-quarters of the apartments in the city, went into effect in the early days of the pandemic and has yet to be lifted—when Los Angeles ended its COVID emergency, it began a "countdown" to end related programs like the rent freeze, according to a report In the Los Angeles Times.

Without the freeze, rents could go up annually by as much as 8%, based on the CPI. However, even with the freeze renters are facing a reckoning of sorts: thousands who got a reprieve from paying any rent at all during the pandemic are scrambling to pay their back rent.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.