Articles for Rent Increases

Editorial: Los Angeles can find a fairer way to raise the rent
2 weeks, 2 days ago

Editorial: Los Angeles can find a fairer way to raise the rent

LA Times  

The Los Angeles City Council is considering changing the way it sets annual allowable increases for rent-controlled properties for the first time in nearly 40 years. The city ordinance sets an allowable annual increase in rents between a guaranteed minimum of 3% and a maximum of 8% based on the consumer price index, which measures inflation. If allowable rent increases …

Housing Inflation Tenants City Price Los Angeles Increase
Supreme Court allows 3 percent rent raise for private sector landlords
3 weeks, 3 days ago

Supreme Court allows 3 percent rent raise for private sector landlords

NL Times  

The Dutch Supreme Court ruled on Friday that a rental increase clause allowing landlords to raise rent by up to 3 percent above inflation in the private housing sector is fair. "The indexation clause compensates for inflation, while the surcharge aligns rental prices with cost increases and property value appreciation," the Supreme Court stated. The case originates from disputes in …

Supreme Court Court Tenants Surcharge Case Landlords Clause
Delhi, Bengaluru, Chennai Rent Increases: Understanding the Surge in Rental Costs
1 month ago

Delhi, Bengaluru, Chennai Rent Increases: Understanding the Surge in Rental Costs

The Hindu  

In the past two years, there has been rent increases in seven major cities in India, including Delhi, have increased by as much as 70 percent. Major Indian Cities See Up to 70% Rent Increases: According to a recent analysis by property consultants ANAROCK Group, rents in seven major Indian cities—including Delhi—have jumped by as much as 70 percent over …

India Real Estate Delhi Region Ncr Purchase Rent
NSW Housing Minister Rose Jackson underestimates Sydney rent prices
1 month, 1 week ago

NSW Housing Minister Rose Jackson underestimates Sydney rent prices

ABC  

NSW Housing Minister Rose Jackson has suggested it is possible to rent a two-bedroom apartment in Sydney for "a couple of hundred bucks" a week. Asked where in Sydney it was possible to find a two-bedroom property for that much, Ms Jackson said: "There are places in Sydney you can". "We think it's clear that the minister believes, as we …

Housing Minister Nsw Ms Jackson Rent Increases Rose Jackson Sydney Rental
As Western Australia's rental reforms take effect, there are concerns not everyone will benefit
4 months, 2 weeks ago

As Western Australia's rental reforms take effect, there are concerns not everyone will benefit

ABC  

When Alison and Amelia Clark drove across the country to escape homelessness, Shoalwater was the affordable suburb where they start to put down roots. Reforms take effect, but it's still a landlord's market Reforms to WA's rental laws took effect a week ago, with the government promising greater "stability and certainty" for renters. "In this market the landlords can choose …

Pets Consumer Protection Property Reforms Landlord Tenants Amelia
A new limit on rent increases takes effect today. What to expect
4 months, 3 weeks ago

A new limit on rent increases takes effect today. What to expect

LA Times  

The arrival of August means a new cap on rent increases for many California renters. Some cities in California — including Los Angeles — have their own local rent control laws that further limit annual rent increases. The city of L.A.’s rent control restrictions, called the Rent Stabilization Ordinance, cover properties built on or before Oct. 1, 1978; units built …

California Los Angeles Los Angeles County Increase Rent
The hidden role of public pensions in raising rents in California
4 months, 3 weeks ago

The hidden role of public pensions in raising rents in California

LA Times  

At the Shady Lane Apartments in the suburbs east of San Diego the carpet could be worn, the appliances old. Flournoy’s retirement system, for example, committed $30 million to a fund managed by real estate firm Waterton that in 2021 purchased the Vue high-rise apartment tower in San Pedro, according to CoStar. In a statement, CalSTRS said it “acknowledges the …

Real Estate Pension California Los Angeles According Public Funds
New York City’s rent-stabilized tenants face 3rd year of price hikes as renters and landlords grapple with rising costs
7 months, 3 weeks ago

New York City’s rent-stabilized tenants face 3rd year of price hikes as renters and landlords grapple with rising costs

Hindustan Times  

-- Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases as renters and landlords grapple with rising costs. Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases as renters and landlords grapple …

New York City Tenants New York York Property Owners Rent Recent Years
Rents are finally falling — but not in Orange County. People are feeling the pain
10 months, 2 weeks ago

Rents are finally falling — but not in Orange County. People are feeling the pain

LA Times  

As rents around Los Angeles and other parts of the country have dropped or stabilized, prices in Orange County have gone in the the opposite direction. Demand for housing in urban centers including Los Angeles dropped as people flocked to suburbs such as Orange County’s after the pandemic struck because many office staffers were allowed to work remotely. Overall rents …

Housing Prices California Los Angeles According County Orange County
L.A. tenants awaiting emergency rental assistance receive eviction protection
10 months, 3 weeks ago

L.A. tenants awaiting emergency rental assistance receive eviction protection

LA Times  

The Los Angeles City Council moved to protect tenants who are waiting for emergency rental assistance from being evicted. The Los Angeles City Council adopted an ordinance Friday that prevents the eviction of tenants who are waiting to receive emergency rental assistance from the city. Rental arrears from Oct. 1, 2021, to Jan. 31, 2023, were due Thursday, the same …

Emergency Eviction City Hernandez Approved Rent Ordinance
Nation’s largest single-family home landlord to pay $3.7 million in California rent-gouging case
11 months, 2 weeks ago

Nation’s largest single-family home landlord to pay $3.7 million in California rent-gouging case

LA Times  

The nation’s largest landlord of single-family home rentals will pay $3.7 million in civil penalties and restitution to resolve allegations it violated California laws against rent gouging, state Atty. Between October 2019 and December 2022, Invitation Homes, which owns 12,000 properties in California, increased rents for 1,900 tenants above the allowable amounts per state laws, according to Bonta’s office. “The …

Law Homes Landlord Office California Los Angeles Increases
L.A. backs 4% cap on rent increases for stabilized units starting in February
1 year, 1 month ago

L.A. backs 4% cap on rent increases for stabilized units starting in February

LA Times  

The L.A. City Council approved a cap of 4% on rent increases for units covered by the city’s rent stabilization ordinance. With the city’s COVID-era freeze on rent increases set to expire at the end of January, the Los Angeles City Council signed off on a compromise proposal Tuesday that will allow landlords to raise rents next year by 4% …

Housing City Council California Units Hernandez Cap
L.A. County supervisors approve 4% cap on rent increases through June
1 year, 1 month ago

L.A. County supervisors approve 4% cap on rent increases through June

LA Times  

L.A. County Supervisor Kathryn Barger, shown in October, voted to oppose the 4% cap on rent increases, calling it a “stopgap policy.” Los Angeles County supervisors voted Tuesday to extend — and slightly increase to 4% — a soon-to-expire cap on rent increases, sparing tenants in unincorporated areas from a big rent hike for an additional six months. Supervisor Kathryn …

Los Angeles County Cap Mitchell Increases Landlords Supervisors
Max Chandler-Mather says rents are going up at the fastest rate in 35 years. Is that correct?
1 year, 3 months ago

Max Chandler-Mather says rents are going up at the fastest rate in 35 years. Is that correct?

ABC  

The claim Under pressure to ease the rental crisis in Australia, Prime Minister Anthony Albanese recently joined state and territory leaders in unveiling a plan to boost affordable housing. The housing rents component of the latest quarterly consumer price index data shows that over the three months to June 30, rents increased by 2.5 per cent. Measuring rent increases Experts …

Fact Check Growth Beer Increase Increases 35 Years Rents
National cabinet sets new housing target and touts 'better deal for renters'
1 year, 4 months ago

National cabinet sets new housing target and touts 'better deal for renters'

ABC  

The prime minister has touted a "better deal for renters" and a blueprint to boost housing supply following a meeting with state and territory leaders in Brisbane. Key points: National cabinet has set a target for new homes built over five years from July 2024 States and territories will move towards limiting rent increases to once per year and requiring …

Homes Supply New Housing Cabinet Five Years Target Increases
National cabinet meets to discuss housing problems, with government's key policy stuck in the Senate
1 year, 4 months ago

National cabinet meets to discuss housing problems, with government's key policy stuck in the Senate

ABC  

Boosting housing supply and reforming planning and zoning laws will be high on the agenda when national cabinet meets in Brisbane today, as the prime minister and state and territory leaders try to tackle Australia's housing problem. Key points: There are reports national cabinet will focus on banning no-grounds evictions and only allowing one rent rise a year The Greens …

Housing National Senate Help Plan Cabinet Increases
Median rents for new tenancies in Brisbane jumps 17.4 per cent in 12 months
1 year, 4 months ago

Median rents for new tenancies in Brisbane jumps 17.4 per cent in 12 months

ABC  

The median rent in Brisbane for new tenancies has climbed more than 17 per cent in the past 12 months, making it the biggest jump in a single financial year in a decade. Key points: The median rent for new tenancies in the June quarter in Queensland reached $510 per week The weekly median rent in Brisbane for new tenancies …

Cent Quarter Queensland Rent Brisbane Median Affordable
Some renters may get relief from biggest apartment construction boom in decades, but not all
1 year, 4 months ago

Some renters may get relief from biggest apartment construction boom in decades, but not all

Associated Press  

LOS ANGELES — When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades. “In a year, I will not be able to afford living here at all.” Web designer Joey Di Girolamo, 50, poses for a picture outside his apartment building, Thursday, …

Housing Construction Income Rents Apartment Rent Apartments
Russell Group universities hike rent at student halls by up to a fifth
1 year, 6 months ago

Russell Group universities hike rent at student halls by up to a fifth

The Telegraph  

Russell Group universities have hiked rents on student halls by up to 19 per cent for the next academic year. The biggest rental increase in London universities was University College London, which charged an average of £9,177 for student halls in the present academic year and is set to increase rents by 11pc. ‘Shocking’ hike in rents A spokesman for …

London Students University Student Universities Russell Group Rent Increases
Social housing and homeless given $511 million boost in WA budget to allow for 700 new homes
1 year, 7 months ago

Social housing and homeless given $511 million boost in WA budget to allow for 700 new homes

ABC  

The Western Australian government will inject $511 million into social housing and homelessness initiatives under the state budget in its latest attempt to combat the housing crisis. Key points: There will be 700 new social housing homes and fixes to old properties Homeless people in regional WA and the Keystart program will also benefit Almost 30,000 people were on the …

Homes Social Housing Market Social Housing Budget Houses
Can Labor solve the housing affordability crisis while lucrative property tax breaks exist?
1 year, 7 months ago

Can Labor solve the housing affordability crisis while lucrative property tax breaks exist?

ABC  

Norma Wannell never imagined she would be homeless. RBA says first home buyer and building grants pushed up house prices Photo shows An aerial shot of the inner-city Perth suburb of Mount Hawthorn Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes …

Social Housing Tax Supply Property Social Housing Budget
Spain frees up 'bad bank' houses to ease housing crisis
1 year, 8 months ago

Spain frees up 'bad bank' houses to ease housing crisis

The Independent  

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Spain Housing Rents Rent Ease Rent Increases Sareb
As the rental crisis worsens, people are applying for homes they have not seen, offering more than the asking price
1 year, 10 months ago

As the rental crisis worsens, people are applying for homes they have not seen, offering more than the asking price

ABC  

When Celia McDonald was told her rent was being raised by $150 a week, she knew she had to find a new place. Key points: Low availability and the rising cost of rentals means many are struggling to find housing The owner of a property management company says the rental crisis is the worst he has ever seen Agents cannot …

Housing Price Melbourne Seen Sophie Supplied Visser
California tenants rise up, demand rent caps from city halls
2 years, 1 month ago

California tenants rise up, demand rent caps from city halls

The Independent  

Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Kim Carlson's apartment has flooded with human feces …

Tenant Tenants City Council San Francisco California Carlson