Los Angeles Rent Control Update

The Los Angeles Housing Department has released the annual allowable rent adjustment guidelines for 2010. As of July 1, 2010 the new allowable increase for properties subject to the Rent Stabilization ordinance is 3%.

The 2009 allowable increase was 4%.

As a rule of thumb if all three of the items below apply to your property, then it's subject to the Rent Stabilization Ordinance,

1. The property is within the City of Los Angeles
2. There are two or more units on the lot (this includes condo buildings and townhouses)
3. The building has a Certificate of Occupancy issued on or before October 1, 1978

The Certificate of Occupancy is issued by the LA Department of Building and Safety on new construction. It allows people to occupy the building.

If you have specific questions about the Rent Stabilization Ordinance or any other Rent Control issues please contact our office and ask to speak with Larry Cobar. At Pacific Shore Property Management we want to be your Property Management Resource. When you think of Echo Park Property Management Company we want you to think of us!

Call or visit us today at,

877.477.7652

or

www.PSPMLA.com