The new allowable rent increase rate for San Francisco rent controlled tenancies goes into effect on March 1, 2015. For rent increases between March 1, 2015 and February 29, 2016, the allowable increase is 1.9%.
For additional information, please visit the Rent Board website:
A landlord may increase the tenant’s base rent once every 12 months by the amount of the allowable annual rent increase without filing a petition at the Rent Board.
Effective March 1, 2015 through February 29, 2016, the allowable annual increase amount is 1.9%.
This amount is based on 60% of the increase in the Consumer Price Index for All Urban Consumers in the Bay Area, which was 3.2% as posted in November 2014 by the Bureau of Labor Statistics.
To calculate the dollar amount of the 1.9% annual rent increase, multiply the tenant’s base rent by .019. For example, if the tenant’s base rent is $1,500.00, the annual increase would be calculated as follows: $1,500.00 x .019 = $28.50. The tenant’s new base rent would be $1,528.50 ($1,500.00 + $28.50).
