Annual Rent Increase for 3/1/14 – 2/28/15 Announced
Effective March 1, 2014 through February 28, 2015, the allowable annual increase amount is 1.0%. In accordance with Rules and Regulations Section 1.12, this amount is based on 60% of the percentage increase in the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-San Jose region for the 12-month period ending October 31, which was 1.6% as posted in November 2013 by the Bureau of Labor Statistics.
To calculate the dollar amount of the 1.0% annual rent increase, multiply the tenant's base rent by .010. For example, if the tenant's base rent is $1,250.00, the annual increase would be calculated as follows: $1,250.00 x .010 = $12.50. The tenant's new base rent would be$1,262.50 ($1,250.00 + $12.50 = $1,262.50).