Since 80% of the change in CPI through May 2023 is 2.54%, which is less than 3%, the allowable rent increase for the period effective September 1, 2023, through August 31, 2024, will be 2.54%. According to the United States Department of Labor's Bureau of Labor Statistics, the percentage increase in CPI from May 2022 through May 2023 was 3.18%. The maximum allowable rent increase for the period Septemthrough August 31, 2024, is 2.54%. Since 80% of this change in CPI through May 2022 is greater than 3%, the allowable rent increase for the period effective September 1, 2022, through August 31, 2023, is 3%. According to the United States Department of Labor's Bureau of Labor Statistics, the percentage increase in the Consumer Price Index (CPI) for all Urban Consumers in the Los Angeles-Long Beach-Anaheim Metropolitan Area from May 2021 through May 2022 was 8.01%. The maximum allowable rent increase for the period Septemthrough August 31, 2023, is 3%. There may be circumstances where owners may be able to raise tenants’ rent over 3 percent, subject to approval of a petition for relief from the cap.The City will publish the maximum allowable rent increase no later than June 30 of each year, which shall be effective on September 1 of that year.Only one rent increase is allowed in a 12-month period, and it cannot exceed the allowable rent increase in effect for that period.The rent stabilization provisions of the Ordinance regulating the amount of rent that may be charged does not apply to units expressly exempt under the Costa-Hawkins Rental Housing Act or the Mobilehome Residency Law.Rent Stabilization provisions Key rent stabilization provisions
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