FOR IMMEDIATE RELEASE:
Wednesday, February 1, 2023
Contact: Christina Varner, Executive Director email@example.com
SAN FRANCISCO RENT BOARD REMINDS PROPERTY OWNERS OF THE MARCH 1 HOUSING INVENTORY REPORTING DEADLINE
SAN FRANCISCO, CA – Residential property owners are required to report information about their units into San Francisco’s Housing Inventory by March 1, 2023. Property owners who report that a unit is tenant-occupied will receive a rent increase “license” that allows them to impose annual allowable and banked rent increases. Landlords who have not fulfilled their reporting requirements will not receive a license and will not be permitted to impose annual allowable and banked rent increases on a tenant until reporting is completed. Thus far, the San Francisco Rent Board has issued 12,000 licenses to permit owners to impose rent increases for the next year. That represents less than 5% of the estimated number of residential units in San Francisco.
Property owners of buildings with 10 or more units were required to report their units into the Inventory for the first time in 2022. These property owners must update their information and obtain new licenses to continue to impose rent increases after March 1, 2023. Owners of properties with fewer than 10 units, including condos and single-family homes, are now also required to report into the Inventory annually.
“Property owners will find that reporting on their units in the Rent Board’s Portal is quick and straightforward, but if any owner encounters challenges, assistance is available. We strongly encourage owners to report into the Housing Inventory by March 1 to comply with the law and have peace of mind that they have a valid license issued for every rent increase imposed within the next year,” said Rent Board Executive Director Christina Varner.
Owners were mailed a reminder in November 2022 and again in January. Owners who want help submitting into the Inventory are urged to call the SF 311 Customer Service Center at 3-1-1 or (415) 701-2311 (from outside San Francisco) (TTY 7-1-1).
Residential property owners can report into the Housing Inventory at https://portal.sfrb.org. The San Francisco Rent Board supports tenants and landlords in San Francisco by providing information and resources on the Rent Ordinance, which protects tenants from excessive rent increases and unjust evictions while assuring landlords fair and adequate rents. For more information, visit https://sf.gov/rentboard.