House approves rent stabilization bill in Washington, teeing up legislative showdown in the Senate

After weeks of debate, a proposal to slow rising rent costs in Washington just barely made it past a key cutoff deadline in the legislature Tuesday. The most recent version of the legislation, House Bill 2114, would cap the amount landlords can raise existing tenants’ rent each year at 7% and enhance some tenant protections – among them, requirements for landlords to notify tenants of significant rent increases and a limit on late fees.

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