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State bill aims to keep rent in rent-controlled units low

03/06/2017 7:24 AM | Margaret Fulton (Administrator)

State Assemblymember Richard Bloom has introduced a bill that would allow cities to make it illegal for the owners of rent-controlled buildings to hike rents after tenants move out.

The bill would repeal the state’s Costa-Hawkins Act, which allows the owners of rent-controlled buildings to raise rents to market-rate prices when tenants voluntarily leave or are evicted.

Read More: http://la.curbed.com/2017/2/28/14756650/rent-control-law-los-angeles-santa-monica

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