LA Housing Department Stipulates the next allowable rent increase for rent controlled properties effective in 2024.
7% is the number as of right now.
After a 3+ year rent freeze due to Covid-19 Renter Protections, the Los Angeles Housing Department has stipulated the next allowable rent increase for 2024. This information was published on July 1, 2023.
Here are the details for LA RSO Rent Increases:
- Landlords of RSO properties can resume allowable rent increases effective February 1, 2024. No banking or retroactive rent increases are allowed.
- The annual allowable rent increase under the RSO from February 1, 2024 through June 30, 2024, will be 7% unless amended by City Council. An additional 1% for gas and 1% for electric service can be added if the landlord provides the service to the tenant.
- Landlords must provide an advance 30-day written notice for all rent increases of less than 10%.
This information can be found on the latest LA Renter Protections Notice updated in July 2023. You can access that notice here.
