Rent increase cap approved by Washington House
A significant bill, House Bill 1217, aimed at capping yearly rent increases in Washington state, has passed the House after an intense debate over its implications for tenants and landlords. The legislation, which limits rent hikes to 7% annually and requires advance notice for increases, is seen as a step toward stabilizing housing costs amidst rising rents, though critics argue it may hinder housing supply. The bill now moves to the Senate for further consideration.