Annual Hikes for Most Rent-Stabilized Apartments Will Be Limited to 1%–4%
Los Angeles will soon impose tighter limits on how much landlords can raise rents, a shift that narrows allowable increases after decades of higher caps in one of the nation’s most expensive rental markets. This move comes after the Los Angeles City Council passed and Mayor Karen Bass signed the new rental increase cap into law.
Beginning in February, annual rent increases for most multifamily apartments in the city will be capped between 1% and 4%, depending on local inflation. That marks a reduction from the previous limit of 3% to 8% that had been in place for roughly 40 years…