In a significant development for the real estate industry, President Biden is reportedly set to introduce a new rent control proposal that could impact landlords. The proposal aims to remove a tax benefit for landlords who raise their tenants’ rent by more than 5% annually.
Key points:
– President Biden’s proposed rent control would target landlords increasing rent by more than 5% each year
– The measure is designed to protect tenants from excessive rent hikes and provide more stability in the rental market.
You can read this full article at: https://wrenews.com/report-biden-to-unveil-new-rent-control-proposal/
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