A tool designed to estimate permissible adjustments to residential lease costs within the state. It takes into account factors like the local Consumer Price Index (CPI) or statutory limitations that govern the allowable percentage or dollar amount by which a landlord can raise rent in a given year. As an example, if the CPI is 3% and the area is subject to AB 1482, the calculator would likely indicate a maximum allowable increase of 8.0% (5% + CPI) assuming no other exemptions apply.
The significance of such an instrument lies in its capacity to promote transparency and ensure legal compliance. Both property owners and tenants can leverage it to verify that proposed or enacted adjustments adhere to applicable laws and regulations. Historically, the complexities of regional and statewide rent control measures have made it challenging to determine lawful increases, contributing to disputes and misunderstandings. This estimation tool helps mitigate these challenges.