In Oakland, landlords can raise rents up to 100% of the inflation rate. So, a 6.7% increase in inflation this year means that landlords can raise rents the same percentage. For an apartment rented for $2,000 a month, the 6.7% rent increase would mean that a tenant’s rent would increase more than $100 to $2,134 a month.
The post Oakland City Council Considers Proposal to Limit City’s Highest Annual Rent Hike in History first appeared on Post News Group.