Annual Rent Increase for 3/1/20-2/28/21 Announced

Effective March 1, 2020 through February 28, 2021, the allowable annual increase amount is 1.8%. 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 3.0% as posted in November 2019 by the Bureau of Labor Statistics.

To calculate the dollar amount of the 1.8% annual rent increase, multiply the tenant's base rent by .018.  For example, if the tenant's base rent is $1,500.00, the annual increase would be calculated as follows: $1,500.00 x .018 = $27.00.  The tenant's new base rent would be $1,527.00 ($1,500.00 + $27.00 = $1,527.00).