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."
- Ten Years Later, Trying to Close a Rent Loophole in DC
- Newly Introduced Bill Would Reinstate Rent Control for Come Units in DC
This article originally published at https://dc.urbanturf.com/articles/blog/councilmember-bonds-introduces-legislation-to-halt-sharp-rent-increases-in-/14546.
Most Popular... This Week • Last 30 Days • Ever
There are five projects in the works around Audi Field which could bring nearly thous... read »
If you make your way through downtown Bethesda, it seems like there is a new project ... read »
Today, UrbanTurf is taking a look around DC to see where home sellers are reducing pr... read »
The late senator's Spring Valley home has hit the market, and new photos offer a look... read »
The Post will stay downtown; a look at DC renters who are renovating; and the residen... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro