Topline:
Allowable rent increases in Southern California will tick downward tomorrow under a state law that covers many local tenants.
The details: Starting Friday, the ceiling on annual rent hikes under the California Tenant Protection Act of 2019 will be 8% across the Los Angeles-Long Beach-Anaheim metro area. That’s a slight decline from the 8.9% limit that has been in effect since Aug. 1, 2024.
How the limits work: The state law, also known as AB 1482, covers renters living in apartments constructed more than 15 years ago. Newer properties are not covered. Neither are single-family homes and condos, unless they’re owned by a corporate entity.
The context: The law is also trumped by local rent control laws, which tend to impose tougher limits. For example, current rent control limits in the city of L.A. range between 3% and 5%. Other cities in the region with limits below the state law’s cap include Santa Monica, Pasadena and Santa Ana…