4 ms·
10% annual rent increase is a lot, and is well above inflation for most areas. Is the stipend only required if you kick them out? If that's the case, then it ma
by TheAdamAndChe 9y ago
10% annual rent increase is a lot, and is well above inflation for most areas. Is the stipend only required if you kick them out? If that's the case, then it makes sense IMO. Renters are people and need stable housing.
- JBlue42 9y agoRent stabilization is capped at 3%/yr in LA. On /r/LosAngeles, you can read about those without it getting crazy increases like 22%. A 10% max seems reasonable. Given that unless you switch jobs you're unlikely to see any big % increases to your salary, why create instability or price out good tenants.
- gigatexal 9y agoI never raised it like that. But adjusting short-term renters to market rents is something tenants should understand as a possibility, this law effectively puts a cap on things.