California’s statewide rent-cap proposal gets two key changes

California’s statewide rent-cap proposal gets two key changes

5 years ago
Anonymous $9jpehmcKty

https://www.mercurynews.com/2019/05/20/californias-statewide-rent-cap-proposal-gets-amended/

SACRAMENTO — A closely-watched bill that would ban steep rent hikes throughout California has been softened — slightly — in effort to win over skeptics as a legislative deadline looms.

The law would sunset after 10 years, and it would no longer apply to properties built within the past decade, a rolling exemption that would end once a building hit the 10-year mark.

California’s statewide rent-cap proposal gets two key changes

May 21, 2019, 12:19pm UTC
https://www.mercurynews.com/2019/05/20/californias-statewide-rent-cap-proposal-gets-amended/ > SACRAMENTO — A closely-watched bill that would ban steep rent hikes throughout California has been softened — slightly — in effort to win over skeptics as a legislative deadline looms. > The law would sunset after 10 years, and it would no longer apply to properties built within the past decade, a rolling exemption that would end once a building hit the 10-year mark.