The summary of changes to the 2021 Affordable Housing Managed Pipeline Regulations is now available for viewing.
The summary of changes to the 2021 Affordable Housing Managed
Quick Links:
August 1st, 2020 | Rental Property Owners, Rent Control Property Overview|
The Housing + Community Investment Department (HCIDLA) frequently gets inquiries as to whether upscale rental units are exempt from the Rent Stabilization Ordinance (RSO). For the most part, the answer is no. There is one exception, however: A rental unit is considered a luxury housing accommodation ONLY IF the landlord obtained a Luxury Exemption Certificate from the HCIDLA (or its predecessors the LAHD or HPPD) by documenting that the monthly rent charged for the unit on or before May 31, 1978 was at least:
1. $302 for a unit with no bedrooms
2. $420 for a unit with one bedroom
3. $588 for a unit with two bedrooms
4. $756 for a unit with three bedrooms
5. $823 for a unit with four or more bedrooms
In order to obtain a luxury exemption, the property owner needs rental records from 1978 to document the rent charged at that time.
If the tenant is told that the rent can be raised to market rate because the unit was found to be a Luxury rental unit in the past, the landlord or tenant can request a copy of the Luxury Exemption Certificate issued to the property. Once exempted under this provision of the RSO, the rental unit is no longer under the RSO, even if it is no longer luxurious.
How to file for an exemption:
Use the online Luxury Exemption application. Any supporting documentation uploaded to the online application must also be mailed and received by the Department within 30 days of filling the application. For your convenience, a mailing label will be provided at the completion of the application.exemption expensive luxury luxury exemption RSO exemption upscale
Last modified: August 1, 2020
Do not miss important notifications
FOLLOW US
The summary of changes to the 2021 Affordable Housing Managed
ATTN: Landlords! To better serve you, HCIDLA is offering “How
LOS ANGELES — General Manager of the Los Angeles Housing
Updated 11/20/20. Within the next 30 days, HCIDLA will release
Learn more about what the Registry can do for you. (Visited 25
HCIDLA Public Counters remain closed due to Covid-19. HCID operations
As a result of the Coronavirus (COVID-19) and the Mayor’s