Annual Rent Increase for 3/1/19-2/29/20 Announced

Effective March 1, 2019 through February 29, 2020, the allowable annual increase amount is 2.6%. 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 4.4% as posted in November 2018 by the Bureau of Labor Statistics.

To calculate the dollar amount of the 2.6% annual rent increase, multiply the tenant's base rent by .026.  For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500 x .026 = $39.00.  The tenant's new base rent would be $1,539.00 ($1,500.00 + $39.00 = $1539.00).