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Nancy Corsaut, DRE# 01170376's Blog

By Nancy Corsaut | Agent in San Francisco, CA
  • Rent Board Announces Annual Rent Increase

    Posted Under: In My Neighborhood in San Francisco, Property Q&A in San Francisco, Rentals in San Francisco  |  January 4, 2012 4:54 PM  |  717 views  |  No comments
    Effective March 1, 2012 through February 28, 2013, the allowable annual increase amount is 1.9 percent. In accordance with Rules and Regulations Section 1.12, this amount is based on 60 percent of the percentage increase in the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-San Jose region for the 12-month period ending October 31, which was 3.2% as posted in November 2011 by the Bureau of Labor Statistics.

    To calculate the dollar amount of the 1.9 percent annual rent increase, multiply the tenant's base rent by .019. For example, if the tenant's base rent is $1,250.00, the annual increase would be calculated as follows: $1,250.00 x .019 = $23.75. The tenant's new base rent would be $1,273.75 ($1,250.00 + $23.75 = $1,273.75).

    The Rent Board has yet to announce the interest rate payable on security deposits for the 3/1/12 – 2/28/13 period.


    For additional details, please visit San Francisco Rent Board
 
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