(Added by Ord. No. 187,764, Eff. 3/27/23.)
A. A landlord of residential real property subject to this article shall provide the relocation assistance specified in this section to a tenant who elects to relinquish their tenancy following a proposed rental increase that exceeds the lesser of (1) the Consumer Price Index – All Urban Consumers, plus five percent, or (2) ten percent. For purposes of this subsection, the proposed rental increase, whether imposed as a single increase or payable periodically over a 12-month period, shall be calculated based on the highest legal monthly rate of rent established as of the date of the notice of rent increase, not any temporary, promotional, or discounted rent.
B. A landlord may offset a tenant's accumulated rent or other amounts due to the landlord against any relocation assistance payable under this section.
C. Except as otherwise provided in Paragraph D., the relocation assistance amount due under this section shall be three times the fair market rent in the Los Angeles Metro area for a rental unit of a similar size as established by the United States Department of Housing and Urban Development plus $1,411 in moving costs. The Los Angeles Housing Department shall publish the required relocation amounts annually.
D. The relocation assistance amount due under this section from a landlord of a single-family residence shall be reduced to an amount equal to one month's rent (calculated at the rental amount payable by the tenant at the time of a written notice of a rent increase satisfying Section 165.09 A.) if the owner meets both of the following criteria: (1) the owner is a natural person or a natural person who holds the rental property in a trust or registered legal entity controlled by that natural person; and (2) the owner, and all trusts and legal entities controlled by the owner, owns a single-family dwelling unit and no more than four additional dwelling units in the City all of which are on a lot or lots separate from the single-family dwelling unit.