In San Francisco, there is a governing body called the San Francisco Rent Board. This agency sets the local laws pertaining to some residential properties. In a previous blog, we have addressed what properties fall under the control of the San Francisco Rent Board. If you have questions about whether or not your rental property is included in rent control laws, please contact us, and we can tell you whether they pertain to you.
The Rent Board is responsible for establishing allowable rent increases every year. They also mandate the interest rate that landlords must pay to tenants on their security deposits. These amounts fluctuate year to year, and they are published annually on the Rent Board’s website.
There are a number of other laws that apply to rent control properties that may affect how you do business. These laws will also have consequences for your tenancy. It’s important to work with a property management company that can guide you through the minefield of changing laws and requirements so you are able to make good choices. If you violate a rule or a law set up by the Rent Board, you’ll be exposed to liability.
If you have any questions about the Rent Board, please contact us at Leading Properties, and we’d be happy to give you more information.