As of July 1, 2008, the annual allowable automatic rent adjustment rate for rental units subject to Rent Stabilization Ordinance (RSO) is 3%.
As of July 1, 2008, the required relocation amounts for no-fault evictions are:
Type of Tenant
|
Less than 3 yrs
|
3 yrs of more
|
Less than 80% AMI
|
| Eligible |
$7,000 |
$9,300
|
$9,300
|
| Qualified |
$15,300
|
$17,600
|
$17,600
|
Thanks to the Coalition for Economic Survival in Los Angeles for this alert. |