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Ab 1482 Rent Increase Calculator

AB 1482 Rent Increase Formula:

\[ \text{New Rent} = \text{Old Rent} \times \left(1 + \frac{\min(5 + CPI, 10)}{100}\right) \]

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1. What is AB 1482?

California Assembly Bill 1482 (AB 1482) is a statewide rent control law that limits annual rent increases to 5% plus the percentage change in the cost of living (CPI), with a maximum cap of 10%. This law applies to most rental properties in California that are more than 15 years old.

2. How Does the Calculator Work?

The calculator uses the AB 1482 formula:

\[ \text{New Rent} = \text{Old Rent} \times \left(1 + \frac{\min(5 + CPI, 10)}{100}\right) \]

Where:

Explanation: The calculation ensures the rent increase doesn't exceed the legal maximum under California law.

3. Understanding Rent Control in California

Details: AB 1482 provides tenant protections by capping rent increases and requiring just cause for eviction. The law applies to most residential properties built more than 15 years ago, with some exceptions for single-family homes and condos.

4. Using the Calculator

Tips: Enter your current rent amount and the relevant CPI percentage for your area. The calculator will show the maximum allowable rent increase under AB 1482, including the new rent amount, increase amount, and percentage.

5. Frequently Asked Questions (FAQ)

Q1: What properties are exempt from AB 1482?
A: Properties built within the last 15 years, single-family homes (unless owned by corporations), and duplexes where the owner occupies one unit are typically exempt.

Q2: How often can rent be increased under AB 1482?
A: Landlords can only increase rent once every 12 months under AB 1482.

Q3: Where can I find the CPI for my area?
A: CPI data is available from the U.S. Bureau of Labor Statistics. Your local housing authority may also provide this information.

Q4: Does AB 1482 apply to new tenants?
A: Yes, the rent cap applies to both existing and new tenants in covered properties.

Q5: What if my landlord tries to increase rent more than allowed?
A: Tenants can challenge unlawful increases through local rent control boards or by seeking legal advice.

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