What a Post-Moratorium Rent Increase Could Mean to the Bottom Line

Beverly Hills enacted a moratorium on rent increases for rent-stabilized tenants during the COVID local emergency and the provision mirrored similar action in surrounding cities. But ours came with a hitch. Or rather a clause. “Nothing in this Ordinance shall alter the date of annual rent increases in future years.” That could open the door to double rent increase after the moratorium is lifted. Here’s it could affect your pocketbook.

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Expect a Post-Moratorium Double Rent Increase This Year

Among the COVID protections extended to rent-stabilized households in Beverly Hills is a moratorium on rent increases. Nearly a year later all have probably escaped a rent increase. Before you pocket that rent savings know that once the moratorium is lifted you could see a double rent increase. The moratorium allows it. Landlords could take it. And if they do tenants lose some benefit from the moratorium.

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Moratorium on the Rent Increase: What You Need to Know

City of Beverly Hills expanded its moratorium on eviction due to the COVID–19 emergency to also include a moratorium on the allowed annual rent increase. The provision is included in a new urgency ordinance which took effect on April 1st. However the rent freeze appears to apply retroactively to the date that the local emergency was declared: March 15th. Let’s take a closer look to see how it may apply to tenants who faced a rent increase.

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