Tenants in covered rental units would have rent increases limited to 10% in any 12 months. It also changes which units receive rent-control and eviction protections.
A Yes vote
A No vote
Proposal impacts
Impact on Rent controlled renters
Rent increases on covered homes could not exceed 10% in 12 months, even when landlords use saved adjustments.
Rent increases on covered homes can exceed the yearly 5% adjustment limit when landlords use saved adjustments.
Impact on Rent controlled landlords
Rental registration payments would be due September 30 each year starting in 2027.
Rental registration payments currently cost $397 per fully covered unit under the existing Rent Board system.
Impact on Subsidized nonprofit owners
Registration fees could drop for subsidized nonprofit units if the Rent Board grants relief.
Registration fees now cost subsidized nonprofit owners $244 per partly covered unit and $397 per fully covered unit.
Impact on Rent Board administrators
Rent Board fee decisions could include reducing registration charges for nonprofit subsidized units.
Rent Board fee decisions today set registration charges for covered units under the existing system.