A bill that would make Washington the third state to enact statewide rent caps within the last five years is being considered in the state legislature.
The measure, which would cap residential rent increases at 7% a year, has passed Washington's House of Representatives and now is being considered in the Senate.
The bill under consideration in Washington would only apply to lease renewals. Landlords would be allowed to increase rents at will when leasing to a new tenant. To avoid a negative impact on the development of new housing, the rent cap would not apply to the first 10 years a building is occupied.
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