return2ozmaBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
CagiWhere I live we’ve had a 4% cap for a long time. It just means tenants get evicted. It’s illegal, but the procedure to after landlords cheating the system is so grueling and adversarial, it puts justice beyond the reach of many victims. I can only imagine this being even worse in the US.
We have rent stabilization in nyc (for some buildings). It caps the increases, and landlords are obligated to renew your lease if you want to unless you violated it in some serious way. In returnfor haveing a building stabalized, the landlord gets tax incentives.