Landlords of rent-controlled properties in the City of Los Angeles can raise rents 4% as of Feb. 1 and as high as 6% if they cover tenants’ gas and electricity costs. It will mark the first time they’ve been able to increase the prices of their units since 2020.
The Nov. 14 vote by the Los Angeles City Council reduced what would have been an allowable increase of 7-9%. Councilmembers Traci Park and John Lee voted against the lower figure, saying mom and pop landlords had sacrificed enough.
Three other members — Paul Krekorian, Curren Price and Katy Yaroslavksy — recused themselves from the vote because they own rental properties.
The council’s action followed a vote by county supervisors, which extended and slightly raised the cap on rent increases in unincorporated areas from 3% to 4%.
Read more at the Los Angeles Times.