Why is the rent increased each September?
While the Rent Control Law provides many protections for tenants, it also guarantees property owners a fair return on their rental property. The annual General Adjustment compensates owners for general increases in operating expenses. Rent Board staff looks at such things as utility, water and insurance costs in determining the amount of increase to recommend to the Rent Control Board Commissioners, who make the final decision after holding a public hearing. To review a list of annual general adjustments authorized by the board since 1979, click here.
