Due to the Wildfires of January 7th, Los Angeles County has continued the emergency price-gouging ordinance.
Price gouging regulations (extended through December 28, 2025)
1) A property that has been rented can have its price raised by a maximum of 10% over the rate paid by an outgoing tenant if it becomes vacant and is re-rented.
2) If a property was advertised for rent within the year prior to January 7, 2025, although not rented since, the maximum price is 10% above the price last advertised.
3) If a property has no recent rental history, and was not advertised for rent for a year before January 7, 2025, certain calculations likely apply to set an allowable rental rate. This rule is complicated by a (mostly favorable) “exemption” created in a February executive order.
- 3A) Any property of 3BR or fewer must set a price no greater than 200% of the “fair market rent established by the United States Department of Housing and Urban Development,” plus 10%. Furnished properties can add 5%. We’ll explain below.
- 3B) Any property of 4BR or more that is not in an “exempted” ZIP code also must set a price no greater than 200% of the “fair market rent established by [HUD],” plus 10%. Furnished properties can add 5%.
- 3C) A property with 4BR or more that IS in an “exempted” ZIP code may set any market price whatsoever.