Apartment Ass'n of Greater Los Angeles v. Santa Monica Rent Control Board, 24 Cal. App. 4th 1730 (1994)

Citation: Apartment Ass'n of Greater Los Angeles v. Santa Monica Rent Control Board, 24 Cal. App. 4th 1730 (1994)
Parent Document: Apartment Ass'n of Greater Los Angeles v. Santa Monica Rent Control Board, 24 Cal. App. 4th 1730 (1994)
Jurisdiction: California (state)
Effective Date: 1994-05-19
Original Source: https://www.courtlistener.com/opinion/2263659/apartment-assn-of-greater-los-a... ↗

Full Text

767 chars

pre-rent-control owners to adjust their base date rents upward to base date market levels. That, however, would be a mischaracterization of the RCL. Pre-rent-control owners are given an opportunity to challenge in very limited ways the presumption that rents on a given date were providing the landlord with a just and reasonable return on their investment. As noted, the RCL regulates rents for the purpose of avoiding unreasonable increases while providing landlords with a fair return. Regulations Nos. 4100-4111 establish the “maintenance of net operating income” formula for determining whether a landlord is entitled to a rent increase. Those regulations have been found to establish “essentially a return on investment standard.” (Baker v. City of Santa Monica

Other Sections in This Document (64)

Full Text