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There are also jurisdictions with capped rent increase amounts, which can be in favor the other direction
by ska 5y ago
There are also jurisdictions with capped rent increase amounts, which can be in favor the other direction
- runako 5y agoGenuinely curious, having lived in 6 major metros across 5 states from coast to coast. Are these jurisdictions anything like common? Where are some of them? I would love to do some further research. I've heard of rent-stabilized units, but never an area where rent increases are capped.
- ska 5y agoI had colleagues living in Ontario (Canada), perhaps just limited to Toronto? Anyway they had rent increase caps based on age of building which was surprising [1]. Also California has something like this since 2020 if I understand correctly. Some areas of UK also. I'm sure there are more. [1] If I recall correctly there was a process to apply an above-limit increase if you could demonstrate expenses, say a renovation.