Good News & Bad News on the Rent 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?

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