The Los Angeles County Board of Supervisors has advanced a proposal to cap rent increases for rent-stabilized units in unincorporated parts of the county.
The supervisors by a 3-2 margin approved a resolution to prohibit landlords of rent-stabilized apartments in unincorporated L.A. County from raising rent by more than 3% a year.
The proposal, which requires a second vote by the county board to become law, also caps annual rent increases for small property owners at 4% and sets the bar at 5% for owners of luxury units, the Los Angeles Times reported.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Unlimited access to GlobeSt and other free ALM publications
- Access to 15 years of GlobeSt archives
- Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
- 1 free article* every 30 days across the ALM subscription network
- Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In
© 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.
