After seven months of a global pandemic spent in a cramped one-bedroom apartment, Jacob Guardado and his roommate decided to make a move.
They found a Studio City two-bedroom in October 2020 for $1,975 a month — a few hundred dollars more than what they had been paying. When the lease ended a year later, Guardado was waiting for his landlord to tell him how much more it was going to cost to stay there.
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“I didn’t want to ask,” said Guardado, 28, who works in the insurance industry.
But the rent increase never came. And there won’t be one for a while. As the U.S. nears the beginning of the third year combating COVID-19, tenants in L.A. are receiving a benefit few others have: Landlords are prohibited from raising the cost of more than 650,000 rent-stabilized units citywide, which represents nearly three-quarters of L.A.’s apartment stock.
Read the full story on LATimes.com.
Source: KTLA
