In no event may rent for any covered unit increase in any twelve-month period by more
than ten percent (10%), or the amount permitted for Oakland rental units subject to
California Civil Code 1947.12 (or successor provisions), whichever is lower, for any
and all rent increases based on the CPI Rent Adjustment, as set out in O.M.C. 8.22.070 B. (CPI Rent Adjustment), and any justifications pursuant to O.M.C. 8.22.070 C.2. (Rent Increases In Excess of CPI Rent Adjustment) except if required for the
owner to obtain a fair return pursuant to O.M.C. 8.22.070 C.1.d.
3.
No series of rent increases in any five-year period can exceed thirty percent (30%)
for any rent increases based on the CPI Rent Adjustment, as set out in, O.M.C. 8.22.070 B. (CPI Rent Adjustment) and any justifications pursuant to O.M.C. 8.22.070 C.2. (Rent Increases In Excess of CPI Rent Adjustment) except for the following:
a.
A series of rent increases composed solely of CPI Adjustments may exceed the thirty
percent (30%) limitation;
b.
Exceeding the thirty percent (30%) limitation is required for the owner to obtain
a fair return pursuant to O.M.C. 8.22.070C.1.d.
4.
If an owner is entitled to a rent increase or increases that cannot be taken because
of the Rent increase limitations pursuant to Subsections 2. or 3. above, the owner
may defer the start date of the increase to a future period, provided that in the
rent increase notice that limits the owner's ability to take the increases, the owner
must identify the justification and the amount or percentage of the deferred increase
that may be applied in the future.
B.
CPI and Banking Rent Adjustments.
1.