Los Angeles County Moves to Cap Rent Hikes at 3%
Los Angeles County is considering a proposal to limit annual rent increases to 3% for pre-1995 buildings in unincorporated areas. Small property owners could face a 4% cap, whereas luxury units might see a 5% cap. The aim is to balance affordable housing needs and landlords' financial viability. Some have raised concerns about the impact on smaller property owners, while others warn against potential hardships from higher rent hikes. The… Read More »Los Angeles County Moves to Cap Rent Hikes at 3%