RICHMOND, CA - Richmond voters are being asked on the November ballot to boost rent control measures so that tenants in controlled units would experience no more than a 3% rent hike.
If Measure P is approved, it would keep those tenants from potentially receiving a much higher rent increase that is based on the consumer price index. In Richmond, landlords can raise the rent to 100% of inflation, which is the percentage increase in the consumer price index — currently, 5.2%. Measure P would decrease that to either 60% of inflation, or a flat 3% increase in monthly rent, whichever is lower.
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