General
Adjustment for
September 1, 2008
The 2008 general
adjustment is 2.7%.
The percentage
increase applies to
all eligible units.
Owners may increase
rents on eligible
units as of
September 1, 2008
with 30 days written
notice to the
tenant.
All owners and
tenants will receive
a mailing with
additional
information about
the general
adjustment in early
July. For complete
information, please
read
the
2008 Annual General
Adjustment Apartment
Operating Cost
Increases (March
2007 - March 2008)
report, the
Supplemental Staff
Report - 2008 Annual
General Adjustment
or
Regulation 3030
or contact an
Information
Coordinator at
458-8751.
Registration
Fees
The annual
registration fee
remains $156 per
unit this year. The
registration fee
bills will be mailed
to owners on June 26th.
If not received by
July 9th,
please call the
Board. All fees
must be paid by
Monday, August 4th
in order to collect
the registration fee
from the tenants as
a monthly surcharge.
Notice of Change in
Terms of Tenancy –
2008-2009
EXTRA,
EXTRA: Read the December 2008
Rent
Control News, a
newsletter published by the Santa
Monica Rent Control Board.
This
issue contains articles on:


Board Authorizes
Pass-Through of the
Clean Beaches and
Ocean Parcel Tax
On January 10, 2008,
the Board authorized
owners to pass
through the cost of
the Clean Beaches
and Ocean Parcel Tax
to tenants as a
surcharge on their
rent. The parcel
tax was approved by
voters in the
November 2006
election.
The Clean Beaches
and Ocean Parcel Tax
provides for a
special exemption
from the tax for
low-income
residents. Below
are the income
levels for
eligibility for
exemption from the
surcharge:
1-person household with gross income $25,002 and below;
2-or more person
household with
gross income
$28,650 and
below.
Tenants claiming
exemption from
the pass-through
must fill out an
application.
Exemption
application
forms will be
available from
the
Environmental
Programs
Division and/or
Rent Control
Board soon.
Click on the links
to read the
staff report
provided to the
Board prior to the
January 10th
public hearing and
adoption of
Regulation 3108.
Interest on
Security Deposits
Not Required in
Santa Monica
Rent Control staff
is often asked
whether or not
owners of Santa
Monica property must
pay interest on
security deposits.
The simple answer is
“no” but the reason
is more complex.
Click on the link
below to read a
staff report
presented at the
September 27, 2007
Rent Control Board
meeting. After
discussion, the
Board chose to
continue its current
position of not
requiring interest
to be paid on
security deposits.
Interest on Security
Deposits