Washington House of Representatives passes 7 cap on rent increases
The Washington state House of Representatives has passed a pivotal bill aiming to cap annual rent increases at 7%, a move designed to enhance housing stability for residents grappling with escalating rental costs. If the Senate approves the bill, landlords will be required to provide 90 days’ notice before any rent hikes, addressing urgent concerns from tenants about affordability. Rep. Nicole Macri championed the legislation, highlighting stories of individuals like Tina Hammond, who faced difficult choices between paying rent and affording essential medications. While many support the bill as a necessary measure, some landlords, including Rep.
Andrew Engell, worry it could lead to reduced maintenance and discourage local ownership of rental properties. Engell raises concerns that the cap might limit his ability to raise rents on long-term tenants, complicating necessary renovations. The Senate Housing Committee has already approved a companion bill, which is now under review by the Ways and Means Committee. This legislation reflects the ongoing struggle with housing affordability in Washington state, showcasing the need for thoughtful solutions that balance the interests of both tenants and landlords. The urgency of this issue continues to resonate, as many residents seek stability in an uncertain rental market.