Ordinance No. 2026-001 (Rent Stabilization)

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4-46-115 Limit on Rent Increases A.Starting on January 1, 2027, a Landlord shall not charge Rent for a Rental Unit greater than the Base Rent plus increases allowed by this Chapter. Annually, a Landlord may increase the Rent for a Rental Unit by a maximum of: i) sixty-five percent (65%) of the annual percentage change in the CPI for the twelve (12) month period ending in April of each year, rounded to the nearest one-tenth of a percent (0.1%), or ii) three percent (3%), whichever is less. B.No later than May 31 of each year, the Program Administrator shall announce and publish, including but not limited to upon the City’s website the maximum percentage increase by which Rent for eligible Rental Units may be adjusted effective on or after July 1 of that year. C.A Landlord may increase the Rent for a Rental Unit no more than one time per 12-month period, except as provided for in this Chapter. D.In addition to the Rent increase allowed by Section 4-46-120(A), a Landlord may seek a Fair Return Rent increase pursuant to Section 4-46-130. E.Rent increase following vacancy (vacancy decontrol). When a Tenant has voluntarily vacated, abandoned, or been legally evicted from a Rental Unit, the Landlord may set the initial Rent for the next Tenant, without restriction, at the commencement of the new tenancy. F.Allowable annual Rent increase banking prohibited. A Landlord who seeks to raise the Rent by the allowable annual Rent increase must do so within the 12-month period between July 1 of the current year and June 30 of the following year. A Landlord who does not impose an allowable annual Rent increase or any portion thereof in the applicable 12-month period automatically waives that allowable annual Rent increase or the remaining portion of that allowable annual Rent increase for the remainder of the tenancy. G.Notwithstanding anything herein to the contrary, a Landlord shall be prohibited from imposing any Rent increase, including a Fair Return pursuant to Section 4-46-130, unless the Rental Unit is registered with the City pursuant to Chapter 4-45, and the Landlord is not delinquent in any registry fees, accrued interest, fines, and/or penalties. 4-46-120 Limitations on Revising What is in Rent A.For any Rental Agreement, or any Rental Agreement that has been converted to a month- to-month Tenancy, in which charges or fees for utilities, parking, storage, pets or any other charge or fee associated with the Tenancy is included in the Rent, a Landlord shall not: 1. Unbundle any of such charges or fees during the term of the Rental Agreement, or the month-to-month Tenancy; or Exhibit A Ordinance No. 2026-001 Page 5