§ 16.46.085. Increase in rents.

Latest version.

From the date of approval of the application to convert until the date of conversion, tenant's rent will not be increased more frequently than once annually nor at a rate greater than the rate of increase in the Consumer Price Index (Los Angeles-Long Beach) on an annualized basis, for the same period. This limitation will not apply if rent increases are provided for in leases or contracts in existence prior to the filing date of the application to convert.

(Ord. 6992 § 10, 2004)

                    
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