Managing a rental property can feel like navigating a maze of laws, especially when it comes to the question of rent increases. The California Apartment Association is here to guide you through this labyrinth with our updated webinar on increasing the rent in California. This tailored and timely webinar aims to equip landlords with the knowledge they need to confidently adjust their rent while adhering to applicable laws and regulations.
What to expect: the Increasing rent webinar
Scheduled for 10 a.m. Wednesday, July 12, 2023, this informative session promises to deliver a comprehensive overview of the different laws that directly impact your ability to raise rent. The webinar will delve into various topics, including rent control, local and statewide regulations, including AB 1482, the anti-price gouging law during states of emergency, Section 8 Housing Choice Voucher Program, and the legal requirements for providing notice of rent increases.
Spearheading the session will be CAA staff attorneys Heidi Palutke and Embert P. Madison Jr., who bring a wealth of knowledge and experience in compliance, policy, and advocacy. They will provide insights and help participants walk away with a clearer understanding of the legal landscape surrounding rent increases.
What’s new: Updated content for 2023
The Increasing Rent webinar has undergone a significant revamp for 2023, incorporating the latest legal developments and practical tools to help landlords stay informed and compliant. Let’s take a closer look at the key updates for this year’s webinar:
Updated CPI percentage changes: The official Consumer Price Index (CPI) percentage changes for 2023 were released on June 14, providing vital data for landlords to calculate the maximum rent increases permissible under California’s AB 1482 law. These changes will be effective from August 1, 2023, and will be discussed in detail during the webinar.
CAA’s updated CPI calculator: The CAA’s CPI calculator has been updated with the regional CPI percentage changes for 2023. This tool aims to simplify the task of calculating the AB 1482 allowable percentage increase for properties in every county in the state.
Impact of the decreased inflation rate: With the drop in the inflation rate from 2022, CPI increases across the state are less than 5%. This development has implications on the maximum allowable rent increase under AB 1482, affecting rent increases that take effect on or after August 1, 2023.
Local COVID-19 temporary rent freezes: The webinar will also address the ongoing COVID-19 temporary rent freezes in certain local jurisdictions, like Los Angeles and Oakland, and their impact on rent-controlled units.
Don’t miss out on this chance to learn from seasoned professionals and take away practical tools and resources to navigate the complex world of rent increases. Secure your spot today at the Increasing Rent Webinar.
