Renting an apartment is the next best thing if you’re not keen on buying residential real estate in San Francisco. Read on to learn more about the experience and how you can find an apartment that fits your lifestyle and needs ideally.
Here are a few things to note as you search for the perfect apartment.
You might come across rent-controlled real estate as you scour San Francisco’s housing market. These properties have limits on how much they can raise the rent every year.
Effective March 1, 2023, through February 29, 2024, the allowable annual increase amount is 3.6%. , the annual allowable increase was set to 2.6 percent. California also recently passed a statewide bill that limits annual rent increases (5 percent).
The following properties are covered in the ordinance:
You can read more about rent control in San Francisco here. This resource is from the San Francisco Tenants Union.
Sometimes, something goes awry with your apartment. Here are a couple of additional readings that will help you when that time comes:
We hope this information was helpful.
Today, we embark on a journey to explore one of life's most significant decisions: buying or renting a home.
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Read on to learn more about the experience and how you can find an apartment that fits your lifestyle and needs ideally.
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We represent many of the best apartments, condominiums, and single-family rental homes throughout the city, specializing in sought-after communities in San Francisco. Contact us today to find out how we can be of assistance to you!