California Bill Aims to Stop Rent Increases in Rent Controlled Units After Move Out

In California, landlords are restricted from raising the rent in an occupied “rent controlled” apartment by more than a specific percentage.  It is only after a move out occurs that the landlord can then raise the rent up to what is deemed as “market” rate.  However, State Assemblymember Richard Bloom introduced a bill that would allow California cities to make it illegal for the owners of rent controlled buildings to hike rents after tenants move out.

Excluding incorporated cities such as West Hollywood, Beverly Hills and Santa Monica, Curbed Los Angeles reports that 85% of rental housing in the city of Los Angeles is currently rent controlled.

You can read the original article in its entirety HERE at Curbed Los Angeles.