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Washington landlords have new limits on how much they can raise tenants’ rent each year based on inflation.
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New caps on annual rent hikes are now law in Washington state after years of debate over the policy.
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The bill would limit rent growth at 7 percent. Supporters say it’s the best option to help renters quickly. But the housing industry is pushing lawmakers to back off.
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The debate over rent limits has roared back to life in Washington this year, as a bill to cap annual increases makes its way through the state legislature.
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State lawmakers are considering a law to restrict how much a landlord can raise their tenants’ rents each year, at 7 percent.
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State Rep. Emily Alvarado pre-filed a “rent stabilization” proposal that would prevent landlords from raising rent by more than 7% annually for existing tenants.
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A hotly debated bill aimed at slowing rising rents in Washington has apparently stalled for the final time in the Legislature this year.
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The legislation now faces a difficult path forward in the Senate.
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Washington lawmakers faced their first cutoff deadline this week, leaving some interesting proposals behind.
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Washington lawmakers have been seriously debating how to tackle rising rent costs this session, but a hotly debated policy hit a stumbling block at the first cutoff deadline.