Starting on August 1, the amount that landlords can increase the rent for tenants living in rent-controlled units in Oakland will change. For most tenants living in these units, landlords cannot raise their rent more than 2.3%, a figure called the annual allowable rent increase, which is based off of calculating 60% of this years’ change in the consumer price index, or CPI. The city has long limited rent increases to 60% of CPI, and starting in 2022, Oakland passed an ordinance capping rent increases at 3% if the CPI increase exceeds that rate.
The post Oakland Landlords Allowed to Raise Rents Aug. 1 first appeared on Post News Group.
