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Beverly Hills Drops Maximum Rent Increase to 3%

6/21/2017

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​In a stunning change of rental policy, Beverly Hills City Council on Tuesday February 21, 2017 approved an ordinance to drop annual rent increases from 10% maximum to 3% maximum.

During the meeting which lasted almost eight hours, the City Council extended an ordinance that protects renters in Beverly Hills from 10% annual increases, establishes relocation fees in the case of no-cause evictions and creates a rental registry database.
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.  The future income and expenses of the Property may vary significantly during Buyer’s ownership. Buyer shall rely on Buyer’s expertise to project the future Income and expense of the Property.
Los Angeles Commercial is a California Company (BRE# 01525128)
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Peter Ciriello CCIM
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