1126. ANNUAL GENERAL ADJUSTMENT ORDER FOR 2004
(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 2004 Rent Ceilings (exclusive of temporary increases in
rent ceilings such as capital improvements) for rental units covered by the Ordinance as
follows:
(1) For rental units for which an Initial Rent was established pursuant
to the Costa-Hawkins Rental Housing Act between January 1, 1999, and
December 31, 2002, rent ceilings shall be adjusted upwards by 1% plus an
additional $3;
(2) For all other rental units, except those rental units for which an
Initial Rent was established pursuant to the Costa-Hawkins Rental Housing Act
on or after January 1, 2003, rent ceilings shall be adjusted upwards by 1.5% plus
an additional $3.
The Year 2004 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, 2002, 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) The adjustments granted by this Order shall become effective on January
1, 2004, 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,
2003.