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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

§ 1805

Citation
§ 1805
Parent Document
Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
Jurisdiction
California (state)
Effective Date
2005-07-14

Full Text

655 chars
The Board adopted regulations governing the determination of a landlord’s fair return on investment. As pertinent here, these regulations define “Net Operating Income” in great detail, delineate precisely those operating expenses which are allowable or not allowable, create a rebuttable presumption that Net Operating Income provided a fair return on the landlord’s investment, and specify those conditions which rebut the presumption. (Santa Monica Rent Control Bd., regs. 4101^-103.) The regulations also permit cost of living increases in rents which raise a landlord’s Net Operating Income by 40 percent of the consumer price index. (Id., reg. 4106.)