Washington State Caps Rent Increases at 10 Percent
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Washington State passed a bill limiting annual residential rent increases to 7% plus inflation, or a maximum of 10%, making it the third state with statewide rent control. The law applies only to lease renewals, exempting new buildings (first 12 years) and vacant properties. Supporters argue it provides short-term protection for tenants facing rising costs, while opponents worry it will stifle new construction and reduce rental housing availability. The bill's passage follows years of debate and increasing urgency due to rising rents.
Washington State passed a bill limiting annual residential rent increases to 7% plus inflation, or a maximum of 10%, making it the third state with statewide rent control. The law applies only to lease renewals, exempting new buildings (first 12 years) and vacant properties. Supporters argue it provides short-term protection for tenants facing rising costs, while opponents worry it will stifle new construction and reduce rental housing availability. The bill's passage follows years of debate and increasing urgency due to rising rents.
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