Legislation has been introduced in the DC Council with the goal of ending sharp rent increases in DC.
A bill introduced by Councilmember Anita Bonds last week would change the Rental Housing Act of 1985 to ensure that when a renter’s concession lease expires, any increased rent will be calculated based upon the rent the tenant was paying.
"Each year most rent control increases in the District are calculated by multiplying current rent paid by the Consumer Price Index (1.4%) plus 2%," a release from Bonds office stated. "This means that under existing law, a tenant who pays $2,000 for a unit valued at $2,500 per month, would only expect to pay $2,068 in the following year. However, if the housing provider where to calculate the new rent using the “rent ceiling,” they could charge the tenant $2,577."
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- Newly Introduced Bill Would Reinstate Rent Control for Come Units in DC
This article originally published at http://dc.urbanturf.com/articles/blog/councilmember-bonds-introduces-legislation-to-halt-sharp-rent-increases-in-/14546
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