A bill that would restrict how much landlords could raise rent prices every 12 months passed out of the Washington state House this week. It now heads to the Senate. House Bill 2114 would limit rent increases to 7% per 12 months. The bill would also cap late fees to 1.5% of monthly rent. It would also exempt new construction from the requirements for 10 years of occupancy. The bill has until March 7, the end of the legislative session, to pass the Senate. The House bill could face an uphill battle after a similar proposal, Senate Bill 5961 died in the Senate last month. Read more: https://www.king5.com/article/news/politics/state-politics/washington-state-bill-cap-rent-increases-passes-house/281-82766c29-b695-4b5a-846a-5302d7d7dd8d