Rent Increase Allowed For 2024
Rent Increase Allowed For 2024. For leases renewing between october 2023 and september 2024, your landlord can raise the rent by 2.75% to 3.20%, depending on the length of the new. Cap only applies to units occupied before november 2018.
And it could have been higher if not for a new law that was passed earlier this. Effective march 1, 2024, the allowed rent increase percentage is 1.7%.