Long Beach is trying to put a stop to insane rent hikes
The City Council voted this week to compensate renters who decide to move because their rent was raised more than 10%
From Curbed:
Tenants who choose to move out when their rent is hiked more than 10 percent will get as much as$4,500 to help with moving expenses under a tenant relocation assistance ordinance finalized and approved on six-to-three vote by the Long Beach City Council on Tuesday night.
The decision was met with audible cheers from renters’ rights advocates in City Hall, who have pushed the council to help tenants hit with extreme rent increases.
“Relocation assistance is necessary, because tenants do not have the money to move,” Joshua Christian, with the Legal Aid Foundation of Los Angeles, told the council. “My clients don’t have [thousands of dollars] for a security deposit and first and last month’s rent.”
The fees—which will be paid by landlords—will range from $2,706 to $4,500, depending on the number of bedrooms in the unit.