Beginning in February, landlords of most multifamily apartments in the area will be limited to annual rent increases of 1% to 4%, based on local inflation—down from the long-standing 3% to 8% cap in place for the last 40 years. “The measure may provide some relief to renters who want to stay in place without…
Source: LA caps rent hikes for the first time in 40 years to help tenants struggling with affordability
