Rent Adjustment Regulations

Overview

For most multifamily rental properties in the City of Richmond, rent increases are limited to the annual change in the Consumer Price Index (a measure of inflation).

In the coming months, the Rent Board will establish standards for allowing individual rent increases and decreases due to a rental unit’s conditions, historic rental rates, operating costs, and other reasons.

Draft "Fair Return" Rent Adjustment Regulations Available for Review

Proposed Rent Board regulations establishing Fair Return standards utilizing the Maintenance of Net Operating Income (MNOI) approach are now available for public review and comment.

To access the draft regulations, please click on the following link:

Draft "Fair Return" Rent Adjustment Regulations

Written comments must be received no later than 5 PM on Tuesday, February 27, 2018, to allow for transmission to the Rent Boardmembers at or before their Special Meeting on Wednesday, February 28, 2018. Detailed instructions are included within the draft regulations document.

Draft Rent Registration, Vacancy Rent Increase, and Individual Rent Adjustment Regulations Available for Review

Proposed Rent Board regulations governing rent registration, vacancy rent increases, and standards for individual rent ceiling adjustments are now available for public review and comment.

To access the draft regulations, please click on the following link:

Draft Rent Registration, Vacancy Rent Increase, and Individual Rent Adjustment Regulations

Written comments must be received no later than 5 PM on Tuesday, February 20, 2018, to allow for transmission to the Rent Boardmembers at or before their Regular Meeting on Wednesday, February 21, 2018. Detailed instructions are included within the draft regulations document.

December 2017 Community Workshops

Rent Program staff members hosted community workshops on December 4, 2017, and December 9, 2017, to solicit feedback from community members on topics such as:

• Rules and standards for increasing or decreasing rents for rent-controlled rental units
• Possible models for defining a “fair rate of return” on rental property investments
• Calculating rent reductions due to problems with the rental unit (pests, broken appliances, etc.)

English Fair Return Powerpoint_Page_01

Spanish Fair Return Powerpoint_Page_01







PowerPoint Presentation

December 2017 Workshop PowerPoint Presentation (English)

December 2017 Workshop PowerPoint Presentation (Spanish)

Feedback Worksheets

Feedback Worksheets are accessible at the links below.

Feedback Worksheets (English)

Feedback Worksheets (Spanish)

Completed Feedback Worksheets may be submitted to the Rent Board by email or in hard copy:

Email: rent@ci.richmond.ca.us (please place "ATTN: BOARDMEMBERS" in the subject line)

Mail or Personal Delivery: City of Richmond Rent Program, 440 Civic Center Plaza, Suite 200, Richmond, CA 94804

Email Focus Groups

Community members may elect to join an email focus group to exchange information and share ideas pertaining to the following four subject areas:

  • Increases in Operating Expenses/Fair Return Standards
  • Increases or Decreases in Space, Services, or Habitability
  • Capital/Building Improvements
  • Historically Low Rents

To join an email focus group, please send an email to rent@ci.richmond.ca.us with "Email Focus Group" in the subject line.

In your message, please include your name, email address, and the focus group(s) to which you would like to be added.