If you're a landlord in California and wondering how much you can raise rent, it's important to familiarize yourself with the state's rent control laws. In California, there are two types of rent control policies: local and statewide.
Local rent control policies vary by city or county, so it's crucial to check the specific regulations in your area. Some areas have strict rent control laws that limit the amount by which you can increase rent each year, while others may not have any rent control in place.
For areas without local rent control, California state law AB 1482, also known as the Tenant Protection Act of 2019, imposes statewide rent control. Under this law, landlords can generally raise rent by up to 5% plus the local rate of inflation, or a maximum of 10% in total. However, there are some exemptions for newer properties and certain types of tenancies.
It's important to note that these regulations are subject to change, so it's always a good idea to stay informed about the current laws and consult with legal professionals if needed. Violating rent control laws can result in costly penalties and legal issues, so it's crucial to adhere to the regulations.