BERKELEY RENT STABILIZATION BOARD
Additional information below.
2006 ANNUAL GENERAL ADJUSTMENT
BERKELEY, CALIFORNIA (Tuesday, October 18, 2005) - At its regular meeting on October 17, 2005, the Berkeley Rent Stabilization Board announced the Annual General Adjustment (AGA) Order for Year 2006, which will allow eligible landlords to increase the 2005 permanent rent ceilings by 0.7%. The 2006 AGA of 0.7% represents 65% of the increase in the Consumer Price Index for All Urban Consumers in the Bay Area during the 2005 fiscal year, which was 1.1% as posted by the Bureau of Labor Statistics in July 2005. The 65% of CPI formula was approved by the voters at last year's election after being placed on the ballot by agreement between the Rent Board and the Berkeley Property Owners Association.
The 2006 AGA may not be charged to tenants whose tenancy began on or after January 1, 2005, and who had their rents set pursuant to the Costa-Hawkins Rental Housing Act. The Order also sets forth the conditions for qualifying for this rent increase and the notice that must be given to tenants in order to raise the rent.
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