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Question:
What are my options for a rent adjustment?

Answer:
That depends on your contract. Basic contracts renewed under option 2 or 3a are eligible for either an OCAF, Budget, or, in the case of a contract term greater than 5 years, a 5th year comparables rent adjustment. Basic contracts renewed under option 4 are also eligible for OCAFs and Budgets. Mark Up To Market are eligible for OCAFs and a 5th year comparable adjustment if applicable. Full Mark To Market contracts are eligible for OCAFS only. Option 5 rent adjustment options will depend on your plan of action. 

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