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Proposal C In A Nutshell

Proposal C In A Nutshell image
Parent Issue
Month
April
Year
1988
Copyright
Creative Commons (Attribution, Non-Commercial, Share-alike)
Rights Held By
Agenda Publications
OCR Text

The Rent Stabilization ordinance before the voters on Monday, April 4, is not especially complicated. The major provisions of Proposal C will work like this:

- Landlords will be able to raise rents by 75% of the Consumer Price Index each year.

- Landlords will also be able to pass on cost increases such as property tax increases and capital improvement costs to the tenants up to a total rent ncrease of 1 5% in a year if such increases are found to be valid.

-The program will be administered by a five-person board appointed by City Council and will be funded by a yearly $25 fee on each unit to be paid by tenants.

- Landlords must maintain units as provided by the housing code or they will not be allowed any rent increase on the unit.