Mayor Eric Garcetti today signed an emergency order to halt any new rent increases on residential units that are subject to the City’s Rent Stabilization Ordinance (RSO).
“This is a common sense action to help tenants stay in their homes,” said Mayor Garcetti. “Angelenos who have lost hours or been laid off, or can’t work as a result of a COVID-19 diagnosis, should not face the extra burden of a spike in their rent.”
There are approximately 624,000 rent stabilized units in 118,000 properties across the City of Los Angeles. This year, the annual maximum rental increase for rent stabilized units was 4%. Now, under the new order, tenants occupying these units will not be subject to any new rent increase through 60 days after the expiration of the local emergency period.
Mayor Garcetti also announced he will sign an ordinance passed by the Los Angeles City Council on Friday codifying the City’s emergency eviction moratorium for all residential and commercial tenants.
Building on the Mayor’s previous directive, the new measure gives eligible residential tenants 12 months following the expiration of the local emergency period to repay any missed rent. Commercial tenants still have three months to pay back their rent.
The Mayor has taken several steps to support residents struggling with the immediate economic impacts of this local emergency, including placing a moratorium on water and power shutoffs; implementing a plan to quickly shelter thousands of Angelenos experiencing homelessness; and developing the L.A. Jobs Portal to provide resources and support to Angelenos who have lost their jobs, seen their hours cut, or need other assistance.
More details and answers to frequently asked questions can be found at coronavirus.lacity.org.