THROUGH JULY 1, 2024:
If you are already covered by Rent Control in Oakland (check here), then your landlord cannot raise your rent above than Oakland’s yearly allowed CPI increase, which can be found here. Starting August 1, 2023, the allowed increase is 2.5%. Ordinarily there are ways a landlord might be able to increase your rent above that amount – like banking prior increases or capital improvements. Those types of increases are currently prohibited. The only exception is if your landlord petitions the Oakland Rent Board for a “fair return”. This limit on rent increases will last through July 1, 2024.
AFTER JULY 1, 2024:
After July 1, 2024, “banking” will be legal again. Let’s figure out what the correct “banking” amount should be.
Is the “banking” rent increase valid?