The Los Angeles City Council is reviewing an overhaul to the city’s Rent Stabilization Ordinance (RSO), which governs about 650,000 rental units. The plan would limit annual rent hikes to roughly 3% and eliminate certain surcharges for utilities. Tenant groups support the proposal as a safeguard against rising rents, while landlords say it could erode profitability and deter much-needed investment in the city’s housing stock.
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https://abc7.com/post/los-angeles-city-council-consider-proposal-major-rent-changes/18147826
