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How to calculate CPI rental increase California
California's AB 1482 law states that rents can only increase 5% + CPI (up to 10%) per year.
The CPI must be calculated from April-April of the previous year.
1.) I have a tenant renewing their lease in 2 months, but the April CPI isn't out yet -- what's the best way to calculate the rental increase?
2.) If I'm using previous year's numbers, CPI looks to be 4.1%, so adding 5%, that would be 9.1%, correct?
3.) Does anyone have a simple way to find this info, or a free calculator online?
This is for units in San Bernardino County.