All CPI figures for 2024 AB 1482 rent increases now available

Jun 13, 2024 · The CAA Regional CPI Calculator is currently being updated. The association will publish another article to inform members once the calculator is available. As a reminder, …

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Reminder: New Rent Caps In Effect Under AB 1482

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Aug 9, 2024 · For San Francisco, the maximum rent increase for units covered under AB 1482 is now set at 8.8%. This cap is valid from August 1, 2024, to July 31, 2025, and reflects a …

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California Rent Control In 2024: A Comprehensive Guide

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Jul 15, 2024 · 4. Rent Increase Limits for 2024. Under AB 1482, the maximum allowable rent increase in 2024 is [specific percentage, e.g., 8.8%]. This figure is based on the 5% base plus …

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FAQs about All CPI figures for 2024 AB 1482 rent increases now available Coupon?

How much will AB 1482 increase rent in 2024?

For 2024, the new AB 1482 figures have established an allowable rent increase of 8.8% for most of Northern California. Here’s what landlords and tenants in key counties need to know: Major Counties: Los Angeles, San Diego, and San Francisco have unique CPI rates that must be followed. ...

What is the maximum allowable rent increase under AB 1482?

These figures are used for calculating the maximum allowable rent increases under AB 1482, the Tenant Protection Act, effective Aug. 1, 2024, through July 31, 2025. AB 1482 limits rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. ...

How many CPI increases can AB 1482 entail?

No more than two increases in a 12-month period, and the combined amount cannot exceed the 5% + CPI cap. The current applicable CPI increase for San Francisco (that is, from August 1, 2024 to July 31, 2025), is 3.8%. Thus, the maximum annual increase for units subject to AB 1482 is currently 8.8% (5% + 3.8%). ...

What is AB 1482 CPI?

The CPI, or Consumer Price Index, measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The CPI figures are crucial in determining the allowable rent increases under AB 1482, ensuring that rent hikes are in line with inflation and economic conditions. ...

What is the CPI increase for San Francisco AB 1482?

The current applicable CPI increase for San Francisco (that is, from August 1, 2024 to July 31, 2025), is 3.8%. Thus, the maximum annual increase for units subject to AB 1482 is currently 8.8% (5% + 3.8%). If the increase is effective on or after August 1, 2025, a different CPI increase will apply. ...

How much does the CPI increase a rental property?

Specifically, it caps annual rent increases at 5% plus the local CPI, or 10%, whichever is lower. This law applies to most residential rental properties built before January 1, 2005. Why is the CPI Important? ...