THE ANNUAL INCREASE PERCENTAGE is 1.4% EFFECTIVE September 1, 2020 THROUGH August 31, 2021. The maximum increase cannot exceed $32.00. The surcharges from Property Taxes cannot exceed $35.00. Please remember to calculate the Increase on the Base Rent and NOT the full rent that the tenant has been paying which may have included last year’s allowable tax and fee pass thru charges. Owners must pay the Rent Control registration fees by July 31st in order to pass thru a $8.25 monthly portion of the fees to the tenants.
IMPORTANT, Owners must serve each tenant a copy of your property tax bill in order to pass thru the tenant’s share of the property tax surcharges. We recommend that you attach a copy of the property tax bill to your rent increase form and prepare a proof of service for your file.
If you need a rent increase form or a proof of service form please call us or send an email and we can send it to you. Feel free to contact us with any questions or if you need help filling out the forms.
Remember that Costa Hawkins is under attack again. Many brokers and Associations have been sending out scary blasts. While the threat is real, as active participants in the passage of Costa Hawkins we have the latest information in real time.
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