SENATE BILL 5222 AND HOUSE BILL 1217 RENT CONTROL

We oppose Washington State Senate Bill 5222 for the following reasons:

​•Reduced Housing Supply: Capping annual rent increases will discourage property owners and developers from investing in rental properties, worsening the housing shortage. It will also force many investors to divest their rental holdings, again, worsening the housing shortage.

•Decline in Property Maintenance: Landlords will struggle to afford necessary upkeep, leading to poorer quality housing for tenants.

•Impact on Small Landlords: The administrative burden and financial constraints of compliance could drive small landlords out of the market, limiting rental options further.

•Rental Ownership Costs: Often tax and insurance burdens increase more than the cap would cover forcing investors into negative cash flow situation. Thank you for your consideration.

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