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Garcetti bans rent hikes for rent-stabilized units

By Tina Daunt Via The Real Deal

Los Angeles Mayor Eric Garcetti is banning landlords of rent-stabilized units from increasing rents during the coronavirus emergency.

“Until today, rents in these units could be increased by up to 4 percent annually,” Garcetti said Monday. “As of now, those increases are put on hold by this order until after this emergency period is over.”

The action comes after a Los Angeles City Council decision last week to temporarily freeze evictions and give tenants up to 12 months to pay overdue rent… Read More