Rent Can Rise Up to 3.1% for the 2019-20 Missed Rent Increase

City Council has established 3.1% as the first post-moratorium maximum allowable annual rent increase. Rent-stabilized households that did not pay a rent increase which took effect during the period coinciding with the city’s fiscal year, from July 1, 2019 to June 30, 2020 will pay up to 3.1% starting as early as July 1st with the required 30-day notice. Households that did pay a rent increase in that fiscal year before the pandemic should not see a rent increase until July of 2023. This is City Council’s effort to allow landlords to recapture a missed rent increase. How much may you pay? The devil is in the details!

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City Council Establishes 3.1% as the Rent Increase Starting July 1st [updated]

Beverly Hills City Council has affirmed an earlier decision to end the moratorium on rent increases and eviction. As expected Council also established the post-moratorium maximum allowable annual rent increase for rent-stabilized units at 3.1%. That percentage will be available to landlords starting June 1st and will remain in effect until the next percentage is established July 1, 2023. So what is known is that the rent will rise 3.1% when the moratorium sunsets. What is unknown is how much the rent will rise in later years given unpredictable inflation and Council’s stated commitment to allow landlords to recapture missed rent increases.

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Meet Councilmember Bob Wunderlich

Join the Alliance as we welcome current councilmember and Beverly Hills City Council reelection candidate Bob Wunderlich for a coffee and conversation with those who rent. That’s this Sunday, April 24th at 11 a.m. at 8925 West Olympic (northeast corner at La Peer). We will have refreshments on hand and parking is a breeze. FYI the municipal election is on June 7th. You did register to vote, right?

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Council Poised to Cap Post-Moratorium Rent Increase at 3.1%

Beverly Hills City Council at the April 12th evening will formally agree to end the city’s moratorium on May 31st. That would allow the city’s first rent increase since the moratorium was enacted two years ago. But high inflation portends ‘sticker shock’ for rent-stabilized households that haven’t seen a rent increase above 3.1% since 2016. Come July the allowed percentage could rise to seven percent or more. City Council however appears prepared to blunt the impact of the first post-moratorium rent increase by capping it at 3.1% (the maximum rent increase before the moratorium).

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Beverly Hills Rents Will Now Rise — But by How Much?

Beverly Hills City Council is ready to sunset the city’s residential tenant moratorium. Effective May 31st the two-year freeze on rent increases will come to an end. Rents will rise again but what will that percentage increase be? If the rent was increased today it would rise 3.1%. In July that percentage will change and it is likely to be much higher. The challenge facing City Council is how to deal with the effect of high inflation on the coming rent increases while recouping for landlords the missed rent increases. It is complicated!

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Update for Tenants Experiencing COVID-Related Hardship

Recent legislation from Sacramento has extended the temporary state eviction protection for tenants who are waiting on state COVID assistance. Through June 30th the landlord may not evict a tenant who has a pending application with Housing is Key and has not been denied. However effective immediately a Beverly Hills tenant who cannot pay rent, and who has not filed a city declaration for protection, and who does not have a pending relief application, may be evicted. New state legislation (AB 2019) preempts the county from shielding tenants from eviction for nonpayment.

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City Council Confirms: the Beverly Hills Residential Moratorium Sunsets May 31st

Beverly Hills City Council on March 15th affirmed an earlier tentative decision to sunset the city’s residential tenant moratorium on May 31st. On that date all city COVID tenant protections will end. That means full rent will be due starting June 1st and no-fault eviction processes can proceed after that date too. The rent can rise as soon as June 1st with the required 30 days notice.

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Our Take: Extend the Moratorium and Scratch Lost Rent Increases

City Council today will discuss whether and when to wind down the city’s COVID-era moratoria on evictions and rent increases. Council will also discuss whether and how to allow landlords to recapture rent increases denied by the moratorium. From our perspective this is not a tough call: extend the moratoria to at least May 31st in order to align our policy with certain state and county timelines and close the door on lost rent increases. The benefit to COVID-affected tenants is significant and while the impact on landlords appears marginal.

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Moratorium Protections and Rent Increases Come Back to City Council

Coming back to City Council is the discussion about whether and when to wind down the city’s COVID moratoria on evictions and rent increases. The Rent Stabilization Commission teed-up the issue in October by recommending that COVID tenant protections be ended immediately. Council took no action then but in January agreed to tentatively sunset the moratoriums at the end of March. Council revisits the question now in light of Omicron. Will Council allow evictions to resume and rent increases to recommence?

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City Council Bunts on Residential Moratorium

City Council deferred all decisions on the residential moratorium until sometime February when the impact of the Omicron variant might be better understood. Left unchanged is the tentative sunset date of March 31st and until that time at least the prohibition on eviction for nonpayment and for no-fault remain in force. Rent increases are on hold too. But the discussion suggested how councilmembers are thinking about ending the moratorium — and the costs that tenants may bear for rent increases delayed.

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City Council Will Revisit Local Moratorium Tenant Protections

Beverly Hills City Council on Tuesday will again reconsider whether or not to end moratorium tenant protections. The moratorium on evictions and rent increase may sunset as early as March 31st. For tenants still affected by the pandemic, the prospect of paying full rent, or facing eviction for nonpayment or no-fault, may be cause concern. And all tenants will likely find the prospect of a rent increase significantly higher than 3.9% a worry too.

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