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

The annual allowable rent increase for the period March 1, 2006, through February 28, 2007, has been announced by the city’s Rent Board. The allowable rent increase is 1.7 percent. 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 2.8 percent as posted in November 2005 by the Bureau of Labor Statistics.

The security deposit interest rate for the period March 1, 2006, through February 28, 2007, also has been announced by the city’s Rent Board. That rate is 3.7 percent. The rate for March 1, 2005, through February 28, 2006, was 1.7 percent.

For more info: http://www.sfgov.org/site/rentboard_index.asp

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