California Approves Statewide Rent Control
September 11th, 2019Via: Reuters:
California lawmakers on Wednesday passed a statewide cap on annual rent increases for most tenants, the boldest step yet to address an affordable housing crunch that has helped push people into the streets.
The bill limits annual rent increases to 5% after inflation and takes effect from March of this year. It also imposes restriction on evictions without cause – a significant factor in the state’s burgeoning homeless population.
