pages: RentReviewAdvisoryCommittee/2018-03-05.pdf, 4
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RentReviewAdvisoryCommittee | 2018-03-05 | 4 | Approved Minutes March 5, 2018 The parties returned to their seats, and the RRAC members deliberated over the case. Vice Chair Sullivan-Sariñana stated that he believed the reasonable range of rent for the subject unit was between $1,850 and $2,000. Member Friedman stated that he believed Mr. Lee's proposed increase goes more toward profit than keeping up with expenses. He said he believed Mr. Lee needs about $100 more per month, and he thought Ms. Kandel's proposed increase to $1,850 was reasonable. Member Griffiths stated that he believed $1,900 total monthly rent was reasonable based on Mr. Lee's operating costs, and noted that it was about half way between the tenant and landlord's proposed amounts. He noted that Mr. Lee provided a lot of detailed evidence of his costs, while Ms. Kandel did not provide evidence of financial burden. Chair Cambra stated that he believed a $150 increase was reasonable. Motion and second (Sullivan-Sariñana and Griffiths) for a $168 (9.7%) increase to a total rent of $1,900. Motion passed 4-0. Program staff commented that the RRAC must also determine the effective date of the increase. Motion and second (Sullivan-Sariñana and Friedman) to amend, adding an April 1, 2018 effective date. Motion passed 4-0. 7-B. CASE 995 - 413 Coral Reef Rd. No Committee review. Prior to the RRAC meeting, the tenant and landlord agreed to a rent increase of $347.50, a 16.1% increase, bringing the rent to a total of $2,500.00, effective April 1, 2018. 7-C. CASE 998 - 1151 Park Ave., Apt. B No Committee review. Prior to the RRAC meeting, the tenant and landlord agreed to a rent increase of $50.00, a 2.6% increase, bringing the rent to a total of $2,000.00, effective March 1, 2018. 7-D. CASE 1000 - 732 Central Ave., Apt. 11 Page 4 of 5 | RentReviewAdvisoryCommittee/2018-03-05.pdf |