Rent Increase Formula:
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This calculator determines the maximum allowable rent increase in California under AB 1482 (Tenant Protection Act of 2019). It calculates the additional rent increase based on the Consumer Price Index (CPI) plus 5%, capped at 10%.
The calculator uses the formula:
Where:
Explanation: The equation calculates the maximum allowable rent increase under California law, which is the lesser of CPI + 5% or 10% of the current rent.
Details: Accurate rent increase calculation is crucial for both landlords and tenants to ensure compliance with California's rent control laws and to maintain fair housing practices.
Tips: Enter the current CPI percentage and the current monthly rent amount. Both values must be valid (CPI ≥ 0, current rent > 0).
Q1: What is AB 1482?
A: AB 1482 is California's Tenant Protection Act that limits annual rent increases to no more than 5% + CPI or 10%, whichever is lower.
Q2: Where can I find the current CPI?
A: The CPI can be found on the U.S. Bureau of Labor Statistics website or through California housing authority resources.
Q3: Does this apply to all rental properties?
A: No, there are exemptions including properties built within the last 15 years, single-family homes (unless owned by corporations), and some others.
Q4: How often can rent be increased?
A: Under AB 1482, rent can only be increased once every 12 months.
Q5: Are there local rent control laws that might apply?
A: Yes, some cities have stricter local rent control ordinances that may supersede AB 1482.