4 ms·

> landlords in SF cannot beat rent control with temporary free rent offers > specifically excludes temporary discounts from the base rate calculation I think

• jedberg 6y ago
  No, we're saying the opposite. The first commenter is saying that the free months of rent would lower the base rate. The second commenter (me) is saying that those discounts don't count towards the base rate. SF does not include temporary discounts in their base rate calculation: https://sfrb.org/section-372-definitions https://sfrb.org/section-372-definitions
  • nitrogen 6y ago
    Non-controlled buildings that have other limiting provisions e.g. max 10% annual increase also don't want that nominal rent to go down, so that they can still charge $4500 in year two even if the effective rate in year one was like $3250 due to discounts and gift cards.