Annual Allowable Rent Increase Announced

Rent Board Adjusts Annual Allowable Rent Increase and Interest Payable on Security Deposits

The annual allowable rent increase for the period March 1, 2007, through February 29, 2008, has been announced by the city’s Rent Board. The allowable rent increase is 1.5 percent. The amount is based on 60 percent of the increase in the Consumer Price Index for All Urban Consumers in the Bay Area, which was 2.5 percent as posted in November 2006 by the Bureau of Labor Statistics.

The security deposit interest rate for the period March 1, 2007, through February 29, 2008, also has been announced by the city’s Rent Board. That rate is 5.2 percent. The rate for March 1, 2006, through February 28, 2007 was 3.7 percent.”
-SFAR Realtor Advantage Online

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