11/20/2024
I have been contacted by several owners about raising rents and this morning, I found this in the Chronicle. Make sure you receive your license before raising rent!
As of 2023, all rent-controlled landlords in San Francisco have one more box to check off before they can raise rents: submitting property information to San Francisco’s Housing Inventory. Landlords must report yearly to receive a license for the annual allowable rent increase, which is currently 1.7%. Many of them don’t have it.
According to the San Francisco Rent Board, about 47% of the 202,000 residential units that paid the Rent Board fee obtained a rent increase license for 2024. The Rent Board fee applies to most units that are not owner-occupied, regardless of whether they are rent-controlled, with some exemptions