A bill aimed at protecting California tenants from “egregious” rent hikes cleared a key hurdle in the state Legislature today, less than 24 hours after pro-tenant groups learned their latest try to expand tighter rent controls throughout California is flailing in the Capitol.
The anti-rent-gouging bill, modeled after a first-in-the-nation statewide law enacted earlier this year in Oregon, would cap the amount that landlords could raise the rent year-over-year at 5% plus inflation. READ MORE