15 Jun Santa Monica 2017 General Adjustment – Santa Monica Rent Control Increase
Santa Monica 2017 General Adjustment (GA) is 2% with a $40 Cap – Santa Monica Rent Control Increase
The 2017 general adjustment for controlled units is 2%, with a maximum increase of $40. The maximum increase of $40 applies to all maximum allowable rents (MARs) of $1,975 or higher. In late June, the Rent Control office will mail information to all tenants and property owners regarding the general adjustment, including a form owners may use to notice tenants of the increase. With proper written notice (usually 30 days), the general adjustment may be implemented by property owners no earlier than September 1st, 2017 for tenancies that started before September 1st, 2016. Tenancies that started on or after September 1st, 2016 are not eligible for the 2017 general adjustment. Further, all registration fees and penalties must be paid in full in order for owners to qualify for this year’s general adjustment.
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