The protections, which take effect after 91 days, aim to insulate economically vulnerable renters from sudden jumps in housing costs.
After months of heated debate, the Montgomery County Council voted 7-4 on Tuesday to adopt a rent stabilization bill that housing advocates said would stave off unsustainable increases for tenants.
Council Vice President Andrew Friedson and council member Natali Fani-González introduced the competing 8 percent-plus-inflation After nearly nine hours, the council voted to exempt from the bill landlords who rent out two units or less, as well as newer buildings that have been on the market for fewer than 23 years and those undergoing extensive renovations. They also passed a banking provision, which allows landlords who do not implement a permitted rent increase to bank that amount in a future year — though it’s capped at 10 percent.
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