Monica Deka
Compliance & Legislative Counsel
New CPI data for all counties released
The California Apartment Association today updated its members-only tool for calculating maximum allowable rent increases under California’s statewide rent cap law.
CAA’s Regional CPI Calculator now includes the latest Consumer Price Index rates for all California counties. Use this tool for determining maximum allowable rent adjustments under the California Tenant Protection Act (AB 1482), effective Aug. 1, 2024, through July 31, 2025.
Landlords can find the applicable CPI for their property’s county by visiting the AB 1482 page on CAA’s website and using the “Regional CPI Calculator.” This page also provides additional compliance resources, including tools to determine if the rent cap and “just cause” eviction provisions in AB 1482 apply to your property. Please ensure you are logged into your CAA account to access these resources.
Under AB 1482, rent increases within a 12-month period are capped at 5% plus the percentage change in the cost of living (CPI) or 10%, whichever is lower, to covered properties. The law applies the April CPI (or March CPI if April’s is unavailable) to rent increases effective on or after Aug. 1 each year. The CPI percentage must be rounded to the nearest one-tenth of a percent. Consequently, the applicable CPI depends on whether the rent increase takes effect before or on/after Aug. 1 of any given year. CAA’s online calculator provides the relevant CPI percentages for both periods.
Read The Full Story: CAA updated cpi calculator for rent increases under AB 1482