Employee Lease Addendum For Rent Increase In Orange
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FAQ
Florida landlords can raise rent by any amount they want to. In fact, Florida doesn't have any legal limits or caps on rent increases.
Yes, you can negotiate. If you ask for a lower rent increase the worst they can say is no. Some complexes have set rates for each unit size/style and will only give you the option to accept the new rate or move out. But you will never know if you don't ask.
Ask why they're putting the rent up. Implore them not to. List all of the reasons why you've been a great tenant, explain how much you love living in the flat, that you're in it for the long haul. If they won't agree to keep your rent the same, try to negotiate a less substantial increase.
Under AB 1482, landlords can raise rent by a maximum of 5% plus the local CPI or 10%, whichever is lower.
Rent increases in California Starting August 2024, the maximum rent increase for both L.A. and Orange counties is 8.9%, a slight increase from last year's 8.8%.
Index reference base 2011–12 Year31 March30 September 2024 137.4 139.1 2023 132.6 135.3 2022 123.9 128.4 2021 117.9 119.736 more rows
AB1482 Allowable Rent Increase Calculator 2024 Rental properties subject to the rent increase cap are allowed annual rent increases of 5% plus local CPI but no more than 10%, whichever is lower. If you are unsure if your rental property is subject to AB 1482 protections, please click here.
The Bureau of Labor Statistics (BLS) released its April 2024 CPI adjustments which are used to calculate maximum allowable rent increase percentages under AB 1482. For Orange County, the CPI adjustment for calculating rent increases has been set at 3.9% - for a total maximum rent increase of 8.9%.
Starting August 2024, the maximum rent increase for both L.A. and Orange counties is 8.9%, a slight increase from last year's 8.8%. The cap will stay in place until August 2025.
