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Temporary freeze on market rate rent increases likely if Prop. 10 passes

10/15/2018 9:01 AM | Margaret Fulton (Administrator)

he Rent Control Board (RCB) favors freezing base rents for all controlled units if Proposition 10 passes to allow time for permanent solutions to be developed.

At their Oct. 11 meeting, the RCB approved a conceptual plan that would prevent any increase in rents for new tenants pending an amendment to the City Charter. The proposal would redefine “base rents” as whatever rent was paid when Proposition 10 is made official and would allow for regular annual adjustments thereafter.

Read More: http://www.smdp.com/temporary-freeze-on-market-rate-rent-increases-likely-if-prop-10-passes/170007

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