San Francisco supervisors move to limit steep rent increases landlords can bank

Landlords of rent-controlled housing in San Francisco can currently “bank” rent increases for a later date without any limit, causing a more drastic increase when they finally decide to add it.

Banking rent increases means a landlord can go, say, five years without raising someone’s rent by 3%, but then in five years can decide that the tenant now owes 15% more per month — as if the 3% increase had indeed been applied every year.