California landlords say they'll back caps on rent increases if big rent control measure goes away.

A statewide lobbying group that represents landlords is supporting a cap on rent increases in an effort to stave off a ballot measure that would expand rent control across California.

The California Apartment Assn. says it’s OK with limiting annual rent hikes to the cost of inflation plus 5% alongside property tax breaks for apartment owners who covert residences to low-income rentals. UC Berkeley researchers proposed both ideas this week.

Read More:  http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-may-2018-california-landlords-say-they-ll-back-1527887009-htmlstory.html