The Los Angeles City Council is cutting back on rent increases for rent-stabilized apartments. On Wednesday, the City Council voted 12–2 to approve changes to the city’s Rent Stabilization Ordinance that affects about 624,000 residential units built on or before Oct. 1, 1978, Commercial Observer reported. The changes for the year from July 1, 2025 to June 30, 2026 call for a 1 percent floor and 4 percent ceiling on annual rent increases for these properties. Under current regulations, landlords with units subject to the current rent stabilization guidelines are permitted to increase rent by either up to 8 percent […]
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