pages: RentReviewAdvisoryCommittee/2019-03-04.pdf, 4
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RentReviewAdvisoryCommittee | 2019-03-04 | 4 | Approved Minutes March 4, 2019 Member Johnson said she thought a $100 increase was reasonable. Vice Chair Sullivan-Cheah noted that Mr. Hanson provided a lot of insight into his expenses at the property, and his net income was low. He said he thought a $100 increase was significant, but the total rent for the unit seemed low for the Bay Area. Member Chiu said he recognized the impact the increase would have on the tenant, but noted the amount appeared reasonable given prevailing rents, and the cost of upkeep. Member Johnson noted that while rents are expensive, the costs to maintain property are also high. Chair Murray stated she did not think Mr. Hanson was making outrageous profit on the unit and agreed that the costs of maintaining property were high. She also noted that increases each year just under 5% can place significant burdens on tenants. She also commented that the increased security deposit was a big lump sum payment to ask the tenant to make. Member Johnson concurred, saying it was okay to increase the security deposit, but it could have been increased more gradually to lessen the impact on the tenant. Motion and second for a $100 increase (Members Chiu and Johnson). Vice Chair Sullivan-Cheah said he wanted to bring attention to the fact that increases at the property have historically been high and consistent. While noting the landlord's interest in earning a reasonable rate of return, he said he did not hear Mr. Hanson articulate a significant financial impact if he did not get the full amount requested, while the tenant had articulated a burden. Vice Chair Sullivan-Cheah said he thought an increase of $50 to $75 would be reasonable. Chair Murray noted that a motion remained on the floor. Motion failed 2-2. Chair Murray said she thought the amounts Vice Chair Sullivan-Cheah mentioned were too low and thought they could come to an agreement somewhere in the middle. Motion and second for an $80 increase (Vice Chair Sullivan-Cheah and Chair Murray). Motion passed 3-1. 7-B. Case 1203 - 553 Pacific Ave., Apt. D Tenant: William Griffith Landlord: Jeff Kirk Proposed rent increase: $200.00 (18.7%), to a total rent of $1,270.00, effective February 1, 2019 | RentReviewAdvisoryCommittee/2019-03-04.pdf |