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Rent Board Sets Annual Adjustment, Explores Freeze

05/20/2020 8:15 AM | Margaret Fulton (Administrator)

The Santa Monica Rent Control Board asked staff on Thursday to explore the possibility of a rent freeze before voting to allow landlords to increase rents by 1.4 percent next month.

The proposed increase -- which will likely be capped at $32 per month for rents of $2,250 and higher -- is based on a calculation called for in the rent control charter.

The Board is scheduled to finalize the rent adjustments at it June 11 meeting.

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2020/May-2020/05_20_2020_Rent_Board_Sets_Rent_Adjustment.html

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