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Oxnard Council adopts administrative rules for 'fair return' rent petitions after hours of debate
Summary
After hours of public testimony from tenants and landlords, the council voted 5–2 Feb. 3 to adopt administrative regulations guiding petitions that allow landlords to seek rent increases above the 4% cap when they show inadequate returns; staff will report back in six months.
After lengthy public testimony and a multilayered council debate, the Oxnard City Council on Feb. 3 approved administrative regulations to implement the city’s rent-stabilization ordinance for "fair rate of return" petitions, the process through which landlords can request above-cap rent increases.
The proposed rules outline what operating expenses and capital costs may be included or excluded in a petition, require specific documentation and an administrative hearing process, and create a limited economic-hardship appeal for tenants. Housing Director Brenda Lopez and the city attorney’s office walked the council through permitted expense…
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