This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
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Rent Increase Caps for Rent Control Year 2023: 5% for elderly/disability tenants; 8.9% for all other tenants. The Rental Housing Commission (RHC) has determined the 2023 change in the regional consumer price index ? urban wage earners and clerical workers (CPI-W).
Typically, if the property is in good condition and without the need for repair when the renter moves out, the security deposit may be refunded to them.
The Rental Housing Act of 1985, as amended, effective July 17, 1985 (D.C. Law 6-10; D.C. Official Code § 42-3501.01 et seq). (?Act?), provides the statutory framework for the Rental Housing Commission, and the District's rent stabilization program.
All landlords must avoid increasing the rent during the lease term (unless the lease agreement allows for it), out of discrimination of district or federally-protected classes, or in retaliation. Landlords must give 30 days' notice before any rent increase.
AA diplomatic clause in a lease allows a diplomat who is ordered overseas to break the lease. Surprising as it may seem that apartment management companies in the Washington area have not heard of diplomatic clauses, it makes sense because such clauses are not common.
Washington, DC rent growth in 2023 pacing below last year Ten months into the year, rents in Washington, DC have risen 4.3%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to October 2022 rents had increased 5.1%.
In general, a tenant's rent should not go up by more than 8.9% this year, unless the housing provider has special approval. If a tenant is 62 or older or has a disability, the rent should not go up by more than 5%, unless the housing provider has special approval.