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INTERNAL PROTOTYPE — NOT LEGAL ADVICE — DO NOT SEND

Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)

Citation
Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Parent Document
Action Apartment Ass'n v. Santa Monica Rent Control Board, 114 Cal. Rptr. 2d 412 (2002)
Jurisdiction
California (state)
Effective Date
2002-01-03

Other Sections in This Document (232)

Full Text

366 chars
Under the NOI formula, a landlord’s income in the base year- (usually 1978) is presumptively a fair return. (Santa Monica Rent Bd. Regs., reg. Nos. 4101(e), 4102.) In subsequent years, a fair return is maintained by permitting rents to be raised based on increased operating expenses and inflation. “NOI” is defined as “gross income” less “operating expenses.” (Id.,