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The annual allowable automatic rent adjustment rate for rental units subject to RSO is based upon changes in the Consumer Price Index. The current rate through June 30, 2008 is 5%.  Effective July 1, 2008, the automatic rent adjustment rate will be 3% through June 30, 2009.

This entry was posted on Wednesday, April 30th, 2008 at 9:23 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.