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

An annual allowable rent increase of 2.0% (for the period March 1, 2008 through February 28, 2009) has been announced by the San Francisco Rent Board. The amount is based on 60 percent of the increase in the Consumer Price Index for All Urban Customers in the Bay Area, which was 3.3 percent as posted in November 2007 by the Bureau of Labor Statistics.

A security deposit interest rate of 5.2% (for the period March 1, 2008 through February 28, 2009) has also been announced by the San Francisco Rent Board. The rate for March 1, 2007 through February 29, 2008, was 5.2 percent.

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