1124. ANNUAL GENERAL ADJUSTMENT ORDER FOR 2002
(A) In accordance with Section 11 of the Rent Stabilization and Eviction for
Good Cause Ordinance as amended and Board Regulation 1100, the Rent Stabilization
Board hereby adjusts the Year 2002 Rent Ceilings (exclusive of temporary increases in
rent ceilings such as capital improvements) upward by 3.5% OR $30, whichever is less,
plus an additional $9 if the landlord pays for interior space heat, for all units covered by
the Ordinance, except those rental units for which an Initial Rent was established
pursuant to the Costa-Hawkins Rental Housing Act on or after January 1, 2001.
The Year 2002 Rent Ceiling is defined as the Base Rent Ceiling established in Section 10
of the Ordinance, or, for units where an Initial Rent was established between January 1,
1996 and December 31, 2000, the last Initial Rent established pursuant to the Costa-
Hawkins Rental Housing Act, plus any adjustment of the Base Rent Ceiling granted by
the Board.
(B) Rent Ceilings adjusted pursuant to this Order may not be rounded to the
nearest dollar amount.
(C) The adjustments granted by this Order shall become effective on January
1, 2002, provided the landlord is otherwise entitled to the adjustment pursuant to the
provisions of the Ordinance and this Order. The rent ceiling adjustment granted herein
shall not apply to the rent ceiling of any rental unit for which an Initial Rent was
established pursuant to the Costa-Hawkins Rental Housing Act on or after January 1,
2001.