San Francisco Real Estate : ALLOWABLE ANNUAL RENT INCREASES in San Francisco 2015

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ALLOWABLE ANNUAL RENT INCREASES in San Francisco 2015

For Landlords renting units that fall under the San Francisco rent control ordinance...

 

 

 

 

City and County of San Francisco

Residential Rent Stabilization and Arbitration Board

 

ALLOWABLE ANNUAL RENT INCREASES

A landlord may increase the tenant’s base rent once every 12 months by the amount of the allowable annual rent increase without filing a petition at the Rent Board. Effective March 1, 2015 through February 29, 2016, the allowable annual increase amount is 1.9%. This amount is based on 60% of the increase in the Consumer Price Index for All Urban Consumers in the Bay Area, which was 3.2% as posted in November 2014 by the Bureau of Labor Statistics. To calculate the dollar amount of the 1.9% annual rent increase, multiply the tenant's base rent by .019. For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500.00 x .019 = $28.50. The tenant's new base rent would be $1,528.50 ($1,500.00 + $28.50).

 

  David Ames 

  Top Producer 

 

  DavidAmes@zephyrsf.com

  (415) 271-2071

Comment balloon 2 commentsDavid Ames • January 16 2015 11:44AM

Comments

David, wish we had rent controls in our area like you do in SF.  Many folks face teriffic hardships without this security blanket. 

Posted by Michael Dagner, Your Denver Homes Realty Expert (Brokers Guild Classic) over 2 years ago

I hear you, Mike.  Of course, it can be a double edged sword. ;) 

Posted by David Ames, San Francisco (Zephyr Real Estate, San Francisco) over 2 years ago

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