Rent increases for rent-controlled apartments capped at 1.4%

first_img 1 Comment Comments are closed. McHugh, Sue says: May 20, 2020 at 10:41 AM There should be NO INCREASE at all this year! HomeFeaturedRent increases for rent-controlled apartments capped at 1.4% May. 18, 2020 at 6:00 amFeaturedNewsReal EstateRent increases for rent-controlled apartments capped at 1.4%Madeleine Pauker1 year agoformulalandlordsrentrent control boardtenantsFile photo Rent increases for rent-controlled apartments in Santa Monica will be limited to 1.4% this year and the Rent Control Board could approve a maximum monthly increase of $32 for renters who pay $2,250 or more in rent.The proposed rent adjustment, which will go into effect Sept. 1, is slightly less than last year’s 2% increase and $44 cap. The percentage increase the board approves each year is determined by a formula in the city charter, but the board may also choose to set a dollar increase cap based on a separate formula. The Rent Control Board will vote on the dollar increase next month.In 2018, the maximum allowable rent hike was 2.9% with a $60 ceiling.This year, both rent-controlled and market-rate tenants will be protected from eviction under an emergency order the city of Santa Monica issued in the early stages of the coronavirus outbreak.The temporary evictions ban has since been extended to June 30. Tenants will have 12 months to repay any unpaid rent rather than the six months set by the original order.Landlords are required to notify tenants of the evictions moratorium, and tenants must provide written notice to their landlords that explain how they have been financially impacted by COVID-19.The order prohibits landlords from forcing tenants to enter into a payment plan for unpaid rent.Board chair Nicole Phillis asked rent control staff to explore the possibility of freezing rents under emergency circumstances.“At a minimum, we owe it to the public to be talking about it because other jurisdictions … are talking about it,” she said. “We should at least be addressing it in a pandemic.”Staff will prepare an analysis of a possible rent freeze for the board’s June 11 meeting.Additionally, the Rent Control Board is surveying renters and property owners on how COVID-19 is impacting their ability to pay their rent or [email protected] :formulalandlordsrentrent control boardtenantsshare on Facebookshare on Twittershow 1 comment Los Angeles County considers individual opening plans for citiesCoronavirus infection rate continues to slow in Santa MonicaYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours agolast_img read more

MLK Monument Bill Clears Key Senate Hurdle

first_img1:45 | Play story Add to My ListIn My List A House bill to honor Martin Luther King, Jr., on the grounds of the Georgia Capitol passed another key hurdle Monday. A potential monument to the late civil rights leader received unanimous approval from a state Senate committee.1:45During a Senate committee hearing, Democratic Representative Calvin Smyre spoke in favor of the bill.“Dr. King has a monument in Washington. He has a national holiday named after him, and he’s the second Georgian to receive the Nobel peace prize, so he’s been recognized in the world. He’s recognized in America, and now we’re here to see it appropriate for him to be recognized here in Georgia.”Smyre is optimistic about the bill’s chances…but he knows with just four working days left this legislative session, the clock ticking.“Time is of essence.”Committee chairman Republican Senator John Albers also supports the bill.“Martin Luther King is such a great Georgian, American and really citizen of the world. I think this is a great way to honor him. I’m glad that we worked together to put in some good protective language in and to ensure the state won’t have any financial obligations, and hopefully the King family will work in harmony with us to make this happen.”Albers says the bill now would require the King estate to sign a waiver of release ensuring the state would own the intellectual property rights to the monument. Albers says the move is needed to protect the state from any potential litigation over the monument.“It is my hope and prayer that the children of the King family will come together in harmony. I think right now their lack in spirit of cooperation is tarnishing their father’s legacy. I want to hopefully use this moment in time to get them together and focus on his legacy and not necessarily monetizing everything that was part of his life.”Last week, in a letter to Governor Nathan Deal’s chief of staff, the King estate said it should have input on plans to honor the civil rights icon. Albers says Senate Republican leaders are currently on board with the legislation. Governor Deal has also expressed his general support for a monument to honor King. It’s unclear when the full Senate will vote on the bill. ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Party Share Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility Related Stories For Whom The Bell Rings last_img read more