3 ms·
This also explains the popularity of giving rent-free months instead of just lowering the rate: this way the baseline is not affected.
by howlgarnish 6y ago
This also explains the popularity of giving rent-free months instead of just lowering the rate: this way the baseline is not affected.
- refurb 6y agoIt’s not written in the rent control law in SF, but apparently the rent board regards the “effective base rent” as inclusive of all discounts. The one exception is if a tenant can’t afford the rent and the landlord decides to give a temporary hardship discount. There is a very strict procedure the landlord has to follow for that discounted rent to not become the new base rent. I assume that tenants, if they are willing to put in the work, could very well force their landlord to keep the discount offered during Covid.