Reso 2010-075 - Laserfiche WebLink

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Annual Rent Review Program Evaluation (June 2009 -May 2010) From June 2009 to May 2010, there were 27 tenant and landlord inquiries addressed by staff which is a decrease from the previous year, which had S2 tenant and landlord inquiries. Of the 27 inquiries this year, there were 11 inquiries by tenants and 16 by landlords. There were no cases heard by the Rent Review Board this year which is a decrease from the four (4) cases heard last year. Staff processed two cases in 2009-10 for Board review, but one case was mutually resolved between landlord and tenant and the other case was withdrawn by the tenant just prior to the scheduled hearing dates. Table 1 below provides a summary of cases reviewed by the Board over the last five years. One factor for the inactivity in RRB cases maybe the decline in rents according to Attachment A below. Table 1. Rent Review Board (RRB) Case Summary Period (June - Ma) Cases 2005-06 0 2006-07 1 2007-08 6 2008-09 4 2009-10 0 Attachment A shows the average rent (for all bedroom sizes) in San Leandro during first quarter (January through March) of 2010 fell by 1.8% compared to the average 2009 annual rent and the vacancy rate decreased from S.4% to 3.6% in the last year. Staff conducts an informal, point-in- time rental survey annually based on mass circulated listings in local and regional newspapers and on the Internet as displayed in Table 2 below. Table 2 confirms the decline in rents in 2010 for studio, one bedroom, 2 bedroom/1 bath, and 3 bedroom units, however, rents for 2 bedroom/1.S baths and. 2bedroom/2 bath units increased which may reflect greater demand for them. Table 2. Average San Leandro Rents By Bedroom Size Year Studio %Chg 1 Br/1 Ba %Chg 2 Br/1 Ba %Chg 2 Br/l.S Ba %Chg 2 Br/2 Ba %Chg 3 Br %Chg 2010 * $923 -4.6% $928 -6.8% $1,187 -1.6% $1,175 0.9% $1,418 4.6% $1,580 -11.3% 2009 $967 ~~~ $996 ~ $1,206 ~~ $1,164 $1,356 ~ $1,782 *Ciry informal survey, May 2010