Statewide caps on annual rent increases could take effect in Washington state as soon as this year after the state House of Representatives passed a bill aimed at giving tenants financial relief.
OLYMPIA — Statewide caps on annual rent increases could take effect in Washington as soon as this year after the state House of Representatives passed a bill aimed at giving tenants financial relief.
OLYMPIA The Washington State House of Representatives passed a rent increase cap bill by a vote of 54 to 43 Tuesday. A companion bill, SB 5961, failed to pass out of committee in January.
House Bill 2114, sponsored by Rep. Emily Alvarado, D-Seattle, prohibits landlords from raising rent more than once in a 12-month period, and limits increases to 7% within a 12-month period. It also caps move-in fees and security deposits to the cost of one month’s rent, requires 180 days’ notice before raising rent more than 3 % and caps late fees at 1.5% of a tenant’s total monthly rent.
“I hear from families who keep paying more and more rent and they can't save money to buy a home,” Alvarado said in a public hearing on the bill in January. “Hard-working people., people who work in child care and health care and grocery stores who pay their rent on time each month and then see their rent go up faster than their wages and they can't keep up and they have to move farther
Statewide caps on annual rent increases could take effect in Washington as soon as this year after the state House of Representatives on Tuesday passed a bill aimed at giving
Plan to cap how much landlords can raise rent moves ahead in Washington Legislature spokanepublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokanepublicradio.org Daily Mail and Mail on Sunday newspapers.