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Rent cap passes state House - Vimarsana News

Rent cap passes state House

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 ...

Legislature considers rent increase cap, but don't call it 'rent control' - Vimarsana News

Legislature considers rent increase cap, but don't call it 'rent control'

"Under this bill, rent increases are capped at 5% every 12 months," Alvarado said. "When a person voluntarily vacates a unit, (they can) reset the rent."