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Published on Apr 12, 2012
http://www.managesf.com/2012/05/23/sa... So, you have chosen to purchase a rental property in magnificent San Francisco and now it's time to figure out the City by the Bay's many rent control rules and regulations. Understanding the city's complex and ever-changing laws can be quite confusing, but that's why Property Management Systems is here to break it down for you.
If you live in a building constructed prior to June 1979, your property most likely falls under the San Francisco Rent Ordinance. This generally covers most properties in San Francisco and severely restricts how much a landlord can raise a tenant's rent.
A landlord is allowed to increase the tenant's base rent once every 12 months by the amount of the annual allowable increase. This can only be implemented, however, after the tenant has lived on the property for a full year which is known as the tenant's "anniversary date." The annual allowable increase amount changes each year on March 1st and becomes effective the same day.
The increase amount changes every year by the Rent Board, but is based on 60 percent of the increase in the Bay Area Consumer Price Index. The Consumer Price Index measures the change in the price of goods over time. Each year an owner can either choose to take the annual allowed increase and add it towards the tenant's base rent or they may choose to "bank" the amount for future use. Regardless of which option the owner chooses, they must send their tenant a rent increase notice thirty days before the increase goes into effect. The rent increase notice should include both the dollar and the percentage amount of the increase along with the total rent due and the date the increase will go into effect.