Rent Board Announces Annual Allowable Rent Increase
March 24, 2010
The San Francisco Residential Rent Stabilization and Arbitration Board has announced that the annual allowable rent increase for the March 1, 2010 to February 28, 2011 period is .1 percent. The interest rate payable on tenant security deposits for the same period is .9 percent. For further information, visit the Rent Board’s web site at www.sfgov.org/site/rentboard_index.asp.
- SFAR
Note: Liberal San Francisco law says landlords must pay tenants 0.9 percent interest on deposits held while landlords can only earn less than nothing in a savings account. Any wonder why people go out of the rental busines in rent controlled cities? – FedUpEditor
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