Municipalities around Los Angeles like Inglewood, Glendale and Long Beach have been strengthening their rent regulations over the last several months, instituting new protections for renters, including caps on rent increases and mandatory relocation fees.
Now, one very unlikely city may top them all. Beverly Hills, with its famous ZIP code and eight-figure spec mansions, has created some of the strongest renter stabilization measures in the L.A. area. Those measures, which also protect the wealthiest tenants, may be getting even stronger.
This week, the local City Council established a rent stabilization commission, the city’s first body dedicated to rent regulation matters in decades. The new commission will operate under the city’s already updated and strengthened rent stabilization ordinance from 2017.
That year, the city lowered its rent increase cap from 10 percent down to 3 percent, with upward flexibility based on the Consumer Price Index. The maximum allowed increase is 7.5 percent. The cap applies to all rental units regardless of their price. It also requires landlords to register their units, and to pay tenant relocation fees in case an eviction is found to be without “just cause.” Other municipalities are only now starting to consider similar measures.