Mayor Bass marks a milestone by signing a rent stabilization law in Los Angeles
The ordinance signed by Bass limits annual rent increases between 1% and 4% for apartments built before October 1, 1978
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Mayor Karen Bass signed an updated rent stabilization in Los Angeles on Tuesday.
The ordinance limits annual rent increases between 1% and 4%, in addition to eliminating additional charges for utilities for apartments built before October 1, 1978.
Bass signed the new guidelines for units subject to the Rent Stabilization Ordinance (RSO), authorizing the first major overhaul of rent control law in more than four decades.