Summary: The Los Angeles City Council has recently approved measures to impose restrictions on rent increases in over 640,000 rent-controlled units. The adopted limits on rent hikes will cap annual increases at 3% for units covered under rent control. This change comes in response to years of complaints from tenants facing unjustifiably high rent hikes, often leading to displacement and homelessness. A: Yes, several cities across the United States have adopted or expanded rent control regulations in recent years. Sources:– Los Angeles Times: www.latimes.com– City of Los Angeles: https://hcidla2.lacity.org/

Source: Los Angeles Times December 06, 2023 01:08 UTC