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Home Industry News Los Angeles Adjusts Rent Increase Cap, Rejecting Extension of COVID-Era Freeze
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Los Angeles Adjusts Rent Increase Cap, Rejecting Extension of COVID-Era Freeze

November 16, 20231 Mins read731
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Los Angeles, Rent Stabilization Ordinance, Apartment Association of Greater Los Angeles
Photo by Christian Gabele on Unsplash
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In a significant move, the Los Angeles City Council voted on Tuesday to adjust the cap on the first allowable rent increase for stabilized apartments once the city's COVID-era rent freeze expires at the end of January 2024. This decision marks a pivotal moment for approximately 624,000 units in 118,000 properties under the Rent Stabilization […]

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