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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />tenant, prior to entering into a rental agreement with said <br />tenant of the existence of this Chapter. <br />SECTION 1.07 RENT ADJUSTMENTS <br />A. General Rent Increases <br />1. Rents may be adjusted once each calender year by the <br />owner without notice to the Commission. <br />2. This general rent increase may be made only following <br />the passage of twelve (12) months since the last previous <br />rent increase, whether such rent increase was a general <br />increase or an individual increase granted pursuant to <br />petition. <br />3. The maximum increases allowed the owner in connection <br />with general rent adjustments permitted by this Chapter <br />shall be an amount equal to sixty (60%) percent of the <br />percentage change in the Consumer Price Index for the last <br />reported calendar year prior to the year in which the rental <br />increase is to go into effect multiplied by the current <br />maximum allowable rent, except as set forth in Section 4 <br />below. <br />4. The maximum increase allowed the owner in connection <br />with the general rent adjustments permitted by this Chapter <br />in the 1989 Calendar year shall be an amount equal to one <br />hundred (100%) percent of the percentage change in the <br />Consumer Price Index for calendar year. 1987 multiplied by <br />the current maximum allowable rent. <br />B. Individual Rent Increases <br />16 <br />