Chapter 6 – Renters Alliance

Rent increase rates compared for a hypothetical average 2-bedroom apartment 2017-2027.

Good News & Bad News on the Rent Increase

December 13, 2018June 22, 2019 Mark Elliot Chapter 6, CPI, max increase

City Council recently discussed the maximum allowed annual rent increase and the good news is that we are keeping it indexed to consumer prices (CPI). A real win for tenants: inflation dictates the increase. The not-so-good news is that Council may agree to a 3.5% floor on the increase. That would give landlords an extra half-percent above the 3% floor today in low-inflation years. Why does Beverly Hills need a floor on the allowed increase at all?

Explainer

My Landlord is Asking for an Estoppel. Need I Sign It?

July 16, 2024July 29, 2024 Mark Elliot

An estoppel certificate is a legal document that simply establishes the terms and status of a rental agreement (or lease) for a third party like a prospective buyer. Typically a tenant is asked to complete an estoppel when purchase negotiations advance and that request may come from the current owner or an agent working on behalf of a prospective buyer. It is nothing to fear; it is a standard step in the sale of real property. In any case the lease or rental agreement may require the tenant to complete it. When presented with an estoppel to complete and sign you may have questions. Here is what you need to know.

Explainer