A friendly reminder for inflation adjustments
As an update to the maximum applicant-screening fee for 2020, this year's adjustment amounted to a CPI-adjusted increase of $1.52. Remember that application screening fees can only cover expenses incurred and not a penny more.
SF owners and property managers should also note that allowable annual rent increase amounts are reset each March. Effective March 1, 2020, through February 28, 2021, the allowable annual increase amount is 1.8%.