This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Riverside California Provision Calculating the Rent Increase
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State:
Multi-State
County:
Riverside
Control #:
US-OL24017D
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How to fill out Provision Calculating The Rent Increase?
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FAQ
Can my landlord increase my rent now that the public health emergency has ended? No. Rent increases cannot occur until after December 31, 2021. Landlords must provide a minimum of a 30-day notice before a rent increase can occur, so higher rent cannot be charged until February 2022.
Under this statute, annual rent increases are limited to 5% plus the change in the regional Consumer Price Index (CPI), or no more than 10% of the lowest gross rental rate charged to the tenant during any 12-month period before the effective date of the increase.
Currently, for rent increases that take effect through July 31, the cap is 9.1% for San Diego, 8.6% for Riverside, and 9% for Imperial County. IMPORTANT NOTE: Some declared emergencies trigger anti-price gouging rules which cap rent increases and newly set rents at no more than 10% over the last amount charged.
Landlord may increase rent once every 12 months, limited to 3% of the current rent, or the regional Consumer Price Index (CPI), whichever is higher. Rent increases are expressly subject to the provisions of AB 1482 California Tenant Protections Act (Cal. Civ. Code §§ 1946.2 and 1947.12).
That's because California's AB-1482 rent control law caps the maximum allowable annual rent increase to only 10%. So in most cities and situations, California landlords who are not exempt from rent control can only raise the rent by a minimum of 5% and a maximum of 10% starting August 1, 2022 until July 31, 2022.
That's because California's AB-1482 rent control law caps the maximum allowable annual rent increase to only 10%. So in most cities and situations, California landlords who are not exempt from rent control can only raise the rent by a minimum of 5% and a maximum of 10% starting August 1, 2022 until July 31, 2022.
As explained by real estate agent Jeff Johnson of Simple Homebuyers, In 2022, landlords are allowed to raise rents on existing tenants between 3% and 8% annually. The fluctuation depends on whether the rental property is in the city or suburbs. Moreover, the landlords cannot evict the tenants without due process.
How Much Can a Landlord Raise the Rent in California? Under the new legislation, landlords will only be able to raise the rent by 5% (plus the local rate of inflation) for any existing tenant.
