DC LEG Annual Rent Price Adjustment

On Jan. 12, DC LEG issued rule on annual rental pricing adjustments.

  • DC LEG issued certification and notice of rule regarding 2024 rent price adjustments.
  • Rule Provisions
  • Rent should not increase more than 4.9% unless housing provider has special approval
  • Rent cannot increase more than 2.9%, unless special approval, if tenant is 62 or older.
  • A tenant may not be liable for certain portions of rent increase if housing provider has special approval if tenant is 62, has disability, and has income of less than $63,900.
  • Provided inflation protection limits; providers must calculate limits for rental units.
  • The required 30-day notice of rental increases is now 60 days to inform tenants.
  • Effectiveness
  • Rule on rent price adjustments and increases is effective May 1, 2024.

Regulators DC LEG
Entity Types CNSM; Corp
Reference DC SR Vol. 71 No. 2 p. 805, N134331, 1/12/2024;
Functions Compliance; Financial; Legal
Countries United States of America
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 1/12/2024
Effective Date 5/1/2024
Rule Id 198024
Linked to Rule :198021
Reg. Last Update 1/12/2024
Report Section US Consumer

Last substantive update on 01/17/2024