Councilmember Bonds Introduces Legislation to Halt Sharp Rent Increases in DC
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
"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."
Similar Posts:
- 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
Buffett called the five-bedroom listing home when his father, Howard Buffett, was ser... read »
Penzance has unveiled its striking new plans for Rosslyn.... read »
Monument Realty has filed updated plans with Arlington County to redevelop the former... read »
What Republican control could mean for DC; the Post wants people back in the office; ... read »
A single home has come up for sale at Beale Square: an acclaimed, carriage-style town... read »
- The Oracle of Spring Valley: Warren Buffett's Childhood Home in DC Hits the Market
- Three Buildings, 862 Units: The New Plans For Rosslyn's Skyline
- 142-Unit Development At Inn of Rosslyn Site Moves Forward
- Friday's Must Reads
- A Uniquely Private, Carriage-Style Townhome Hits the Market in Bloomingdale
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro