City Has Been Incorrectly Calculating Chapter 5 Increases
A couple of months ago we got to thinking about how Beverly Hills calculates the maximum allowable annual rent increase for Chapter 5 tenants. It kept increases very low for many years; some years it dipped below 1%. Then in a reviving economy it jumped to 1.7% and now will double again to 3.3% for August. What’s going on with the Chapter 5 increase?
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