Effective March 1, 2012 through February 28, 2013, the allowable annual increase amount is 1.9%. In accordance with Rules and Regulations Section 1.12, this amount is based on 60% of the percentage increase in the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-San Jose region for the 12-month period ending October 31, which was 3.2% as posted in November 2011 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 $1,250.00, the annual increase would be calculated as follows: $1,250.00 x .019 = $23.75. The tenant’s new base rent would be $1,273.75 ($1,250.00 + $23.75 = $1,273.75).
For assistance, please feel free to call us. We are always happy to help.
To see the complete list of published annual amounts, please click here.
The document also includes:
- Security deposit interest rates
- Rent Board Fees that are chargeable to tenants
- Capital Improvement Interest Rates
- Relocation Payments for Evictions Under the Ellis Act
- Relocation Payments for Evictions based on Owner/Relative Move-in OR
Demolition/Permanent Removal of Unit from Housing Use OR
Temporary Capital Improvement Work OR Substantial Rehabilitation
As always if you need help calculating the annual increases or any amounts or notifying your tenants of these increases, please contact Lingsch Realty.