Oakland Michigan Notice Regarding Introduction of Restricted Share-Based Remuneration Plan
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How to fill out Notice Regarding Introduction Of Restricted Share-Based Remuneration Plan?
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FAQ
?RAP PROVISIONS A landlord can raise the rent by more than the allowable CPI increase under certain circumstances but never by more than 10 percent in any year, or by more than a total of 30 percent over a 5-year period.
Oakland Law (for qualifying units) Your landlord can only raise your rent once every 12 months. The allowed percentage from August 1, 2022 to June 30, 2023 is 3%. The first increase cannot be imposed until after the tenant has lived in the unit for a year.
Rent Increases Under the Rent Ordinance. Tenants with rent control can only be given rent increases based on what the law allows. Each year, a landlord can give tenants an annual rent increase, which is based on the Bay Area Consumer Price Index (i.e. inflation).
Current allowable increases by city in Alameda and Contra Costa Counties: Oakland CPI = 3% (effective 8/01/2022 - 7/30/2023) Alameda AGA = 3.5% (effective 9/01/2022 - 8/31/2023)
According to AB-1482, the Tenant Protection Act of 2019, the maximum that landlords can raise rents in California is 5% per year, plus the percentage change in the cost of living according to the consumer price index, or 10% of the lowest rent increase at any time during the 12 months (whichever is less).
In Oakland, most residential buildings constructed before 1983 are covered by rent control, aside from single-family homes and a few other exceptions.
A: Rent levels for all controlled units (generally, all multi-family units built before February 1995) have been frozen during the emergency. However, as of , landlords may serve tenants with notices of rent increases for no more than the current cap, which is 2.7%.
