SEC. 47.12. EXCESSIVE PRICE INCREASES AND EXCESS ACCUMULATION OF SUPPLIES FOR RESALE AT INFLATED PRICES DURING A DECLARED EMERGENCY.

period of 30 days following the date such proclamation or declaration is terminated, it shall be unlawful for any person, business, or other entity to increase the rental price advertised, offered, or charged to, or accepted from, an existing or prospective tenant for any Rental Unit, as follows: 1. For a Rental Unit rented at any time within one year prior to the time of the proclamation or declaration of emergency, by more than 10 percent of the actual rental price paid by the existing tenant or, if there is no existing tenant, then by more than 10 percent of the actual rental price paid by the most recent tenant. 2. Notwithstanding Subdivision (1), for a Rental Unit rented at the time of the proclamation or declaration of emergency, which is subject to the restrictions on rent in Chapter XV of this Code (the Rent Stabilization Ordinance of the City of Los Angeles) and which continues to be rented by the existing tenant while the proclamation or declaration of emergency remains in effect, by more than the amount of the maximum adjusted rent permitted under Chapter XV of this Code. 3. For a Rental Unit that was not rented at any time within one year prior to the time of the proclamation or declaration of emergency, but was advertised or offered for rent within one year prior, by more than 10 percent of the most recent rental price advertised or offered before the proclamation or declaration of emergency. 4. Notwithstanding Subdivision (1), for a Rental Unit rented at the time of the proclamation or declaration of emergency but which becomes vacant by means of eviction while the proclamation or declaration of emergency remains in effect, by any amount that results in a rental price more than the rental price paid by the evicted tenant. 5. Notwithstanding Subdivision (1), for a Rental Unit rented at the time of the proclamation or declaration of emergency but which Rental Unit is voluntarily vacated while the proclamation or declaration of emergency remains in effect and which is subject to Chapter XV of this Code, by more than 10 percent of the greater of the actual rent paid by the vacating tenant or 160 percent of the fair market rent established by the United States Department of Housing and Urban Development. 6.