San Diegans in for 9.1 percent rent increases in 2022
SAN DIEGO (KGTV) -- San Diego renters who recently signed leases could be hit with rent increases as much as 9.1 percent in 2022.
The increases would be authorized by a 2019 California law that capped rent hikes at 5 percent plus inflation, which is normally around 2 percent. However, due to the coronavirus pandemic, inflation has been at its highest levels in more than a decade. In March, San Diego County's increase in the Consumer Price Index was 4.1 percent.
Thus, the law -- Assembly Bill 1482 -- would allow many landlords to raise rents by 9.1 percent when it comes to renewing leases that began on or after Aug. 1 of this year.