The City of Concord is now accepting rent adjustment petitions. Petitions will be heard before a Hearing Officer during a rent adjustment hearing as part of its greater Residential Tenant Protection Program that went into effect earlier this year.
The Ordinance caps rents at 60% of CPI, or 3%, whichever is less. Currently, the allowable annual rent increase percent is 2.52%. The Ordinance requires rents to be “rolled back” to April 2023 rates plus the allowable annual rent increase percent of 2.52%.
If you are a residential Concord property owner requesting an upward adjustment in rent due to a fair return on investment claim, or if you are a residential Concord tenant requesting a downward adjustment in rent due to receiving a rent increase that is not in compliance with the Ordinance, you can now submit a petition for a rent adjustment.
For more information or to make an appointment with Rent Program staff, please visit the City’s Rent Stabilization and Just Cause for Eviction web page.
The shallow minded dim whittled socialist government is going to govern rental housing out of existence.
“In the future all housing will be government owned.”
— Paraphrasing the line from the movie “Demolition Man”
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There are undoubtedly more creative, incentive solutions to the problem. But given the last few years it seems the governments are following the idea of global socialism as if it is the solution. Didn’t seem to work well in a lot of countries. That as well as builders building monster homes thinking “if they build them egotistic fools will buy them”.