Los Angeles Rent Controlled Units Rent increase Exceptions.

[William Abanyie]

Passing on some information for all Los Angeles Property owners subject to Rent Increate.  Here is a document I found that details acceptable reasons for rent increase.  Including your tenant adding another resident that you accept,  you can charge an extra 10%.  Also if your place if far below market rate you can apply for rent increase approval with the city to correct the rent amount as long as your operating cost doesn't meat the amount you are receiving for rent.

Hope this help someone like it has helped me.  

Los Angeles Landlord Guide

[Kevin Hermansen]

Rick is correct, the City of Los Angeles currently has an ordinance prohibiting rent increases. It can be found here: http://clkrep.lacity.org/onlin...