rent adjustment – Renters Alliance

What Does Inflation Mean for Tenants?

October 17, 2021July 5, 2024 Mark Elliot inflation, rent adjustment

According to the federal Bureau of Labor Statistics inflation is marching upward. After years of very moderate increases in consumer prices, the bureau in September reported a 5.4% increase nationally with consumer prices bumping up 4.6% in our region over last September. Those price hikes will push our rents up too — especially for single-family and condominium renters — once our local moratorium on rent increases is lifted. Let’s look at inflation and its effect of inflation on housing costs for both prospective and current tenants.

Commentary

Our Recap of the Landlord Mills Act & Rent Adjustment Workshop

October 19, 2019July 5, 2024 Mark Elliot Community Education Workshops, historic preservation, Mills Act, rent adjustment

City of Beverly Hills held its second landlord education workshop and on the agenda were the city’s Mills Act historic preservation incentive and the rent stabilization ordinance’s rent adjustment process. The Mills Act is a tool our city can use to encourage the maintenance and preservation of local register-eligible multifamily apartments. The rent adjustment allows a landlord to petition for a rent increase higher than would otherwise be allowed.

Process

2018 Dialogue #2: Rent Banking, Exemptions and Rent Adjustment

August 26, 2018June 22, 2019 Mark Elliot Dialogues 2018, HR&A Advisors, recap, rent adjustment, rent banking

This second dialogue in the 2018 series was convened to address three issues up for discussion at City Council: rent banking, exemption from rent stabilization for certain properties, and the rent adjustment process. Like the previous session, consultant HR&A Advisors presented each issue then passed the microphone to tenants and landlords for comment. These sessions are less about ‘dialogue’ and more call-and-response on a set of defined policy options.

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