05/13/2025 | News release | Distributed by Public on 05/13/2025 18:29
On May 7, 2025, Washington became the third state to enact statewide rent control, joining Oregon and California. House Bill 1217, effective immediately, limits annual rent increases, extends notice requirements, and mandates parity pricing across lease types. Most provisions sunset in 2040, but some-like mobile home rent caps-are permanent.
Key Takeaways
Why it matters: These changes create new legal obligations for landlords and could impact leasing strategies, investment returns, and property values.
Read the full alert for detailed guidance on compliance and risk management.