Rents to Increase by 1.25 Percent

The following is a press release from the City of West Hollywood.

The City of West Hollywood’s Rent Stabilization Commission has adopted the annual rent adjustment for West Hollywood tenants. The increase will be 1.25 percent for the period beginning September 1, 2012 and ending August 31, 2013.

Tenants are subject to receive the 1.25 percent rent increase if they have lived in their unit for at least 12 months, or at least 12 months have passed since their last rent increase. Landlords must be in substantial compliance with the City’s Rent Stabilization Ordinance and must give tenants 30 days written notice as required by State law to receive the rent increase.

The 1.25 percent increase is allowed under the City’s Rent Ordinance, which states that the annual rent adjustment is determined by using 75 percent of the rise in the Los Angeles-Riverside-Orange County Consumer Price Index from May to May each year.

As of May 2012, the local CPI, which is determined by the Department of Labor’s Bureau of Statistics, showed an increase of 1.57 percent over May 2011. Seventy-five percent of that figure is 1.178 percent, and rounding to the nearest one-quarter of one percent results in a general adjustment of 1.25 percent.

For more information, please call (323) 848-6490. For the deaf and hard of hearing, please call (323) 848-6496.