House Bill 1388 would prohibit many landlords from raising rents by more than 7% per year. House Bill 1389 would impose a similar cap, but offer more exemptions for landlords.
“You can’t pick and choose when you want to stop people from raising the rent,” Gee Scott said on The Gee & Ursula Show. “No, you can not cap rent.
“These bills would have a different impact than most people would assume,” show producer Andrew “Chef” Lanier said. “The reason that I would support these bills is because I think it will actually limit the amount of corporate investment in rental properties and increase the number of people who get into private landlord-tenant relationships.”
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