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Updated almost 8 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
Daniel Antonetti
  • Sacramento, CA
4
Votes |
10
Posts

Oakland Rent Control increases

Daniel Antonetti
  • Sacramento, CA
Posted

I have a tenant that moved in June 15, 2016, and I would like to increase his rent as of July 1, 2017

The CPI starting July 1, 2016 was 2%

But the new Oakland CPI comes out in July 1, 2017.

So 

1) Can I increase his rent on July 1, 2017 by 2% even though at that point it will be the previous year's CPI?

2) Do I have to wait until I see the CPI for 2017 to know how much I can raise it? And then wait until September 1, 2017 to raise it?

3) At that point can I use the 2% from 2016 as a banked increase and increase it by 4% (Assuming 2017 is 2% also)?

Most Popular Reply

User Stats

36
Posts
26
Votes
Maya Clark
  • Real Estate Broker
  • Oakland, CA
26
Votes |
36
Posts
Maya Clark
  • Real Estate Broker
  • Oakland, CA
Replied

@Susan O. I totally agree! We all have to become politically aware and active to protect not only our own personal interests but for all small business & property owners throughout the state. I attended a meeting a week or so ago and was amazed (and somewhat appalled) at the number of tenants and tenant rights groups that were there voicing their "entitlement" theories/feelings. I feel so strongly about these issue that I won't go into detail or on a personal rant here...

I do hope more California investors & rental property owners will become aware of the current "attack" on their business/livelihood. 

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