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.