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    2016 General Adjustment Announced by Board

    At its May 12th meeting, the Rent Control Board announced a 1.3% General Adjustment for 2016. The General Adjustment (GA) takes effect September 1, 2016. The increase is based on 75% of the percentage increase in the Consumer Price Index (CPI) for the Los Angeles area for the 12 months ending March 2016, rounded to the nearest tenth decimal place. The percentage increase in the CPI for our region for the period ended March 2016 was 1.7% and 75% of that is 1.275%, or 1.3% after rounding. The Board will hold a public hearing on June 9, 2016 to hear from interested parties on whether a dollar amount ceiling of $25 should be placed on this year's GA.  If approved, the ceiling would apply to rents of $1,885 and above. All owners and tenants will be sent a mailing in late June to explain the requirements for increasing rents by the GA.


    Spring NewsletterNewsletter_2016_Spring_s

    A new issue of Rent Control News was sent to property owners and tenants in the second week of May, and it is full of useful information for tenants and owners alike. Feature articles cover Rent Control's remedy for lack of maintenance issues and the 2016 Consolidated Annual Report. Also provided is a list of upcoming seminars presented by the Rent Control Agency. As always, the newsletter allows each tenant to check the Maximum Allowable Rent for their unit, which is printed on the inside flap. If you did not receive the newsletter or misplaced it, you can view it here.


    Annual_Report_2015s

     
    Rent Control's 2015 Consolidated Annual Report is now available and can be accessed here.  As the Agency has done in recent years, the Annual Report combines the substance of Rent Control Board Annual Reports, Impact of the Ellis Act, and Impact of Market Rate Vacancies, three reports issued independently in previous years.  By combining them in the same report, the Consolidated Annual Report presents yearly information regarding the status of controlled rental housing as well as a summary of the Board's and Agency's activities during the year.


    Buyout_Rights_Disclosure_Form

    Owners Must Disclose Tenant Rights Prior to Making Buyout Offers

    At the Board's March 12th meeting, a new regulation was adopted (Regulation 9011) to effectuate Santa Monica Municipal Code Section 4.56.050(b), which requires landlords to serve a notice on tenants of certain rights before the landlord makes a buyout offer to the tenant. The notice required by the regulation is now available at the Board's office and here. At its April 9th Board meeting the Board amended the new regulation to require landlords to file "buyout agreements" with the Rent Control Board. Tenants are under no obligation to accept buyout offers and should realistically evaluate whether any amount offered is sufficient to cover the loss of a controlled rental unit.

     


    Vacancy Unit Registration FormThe Vacancy Unit Registration Form is Now Available Online!
     

    Until now, the Rent Control Board has required owners to register new tenancies on a 3-part multicolored form that was only available from our office. Now, a single-page form can simply be downloaded for this purpose. Much of the form can be filled out online using your keyboard, but since the Rent Control Law requires a statement signed under penalty of perjury, owners must print out and sign the completed form and then mail it or bring it to Rent Control. Traditional, 3-part forms are still available for those who want them, but to get one right away, use this link to download the Vacancy Unit Registration Form from the following page.
     
     
     emailElectronic Communications Sign-Up

    In keeping with the goals of a sustainable Santa Monica, the Rent Control Agency is giving people who receive communications from the Agency the option of having future communications that are available electronically delivered by email.  To sign up to receive Rent Control communications electronically, click here to access a sign-up form.
     
     

     

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