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TexasTowelie

(112,251 posts)
Sat Jul 23, 2016, 03:25 PM Jul 2016

Sawant wants to cap fees landlords charge Seattle renters

Seattle City Councilmember Kshama Sawant on Thursday proposed legislation that would put a cap on the amount of money landlords charge incoming renters.

The ordinance would limit move-in fees — including a security deposit and any nonrefundable, one-time payments — to no more than the cost of one month’s rent.

Sawant’s legislation also would require landlords to allow renters to pay their move-in fees in installments rather than immediately and in full. Landlords asking for last month’s rent up front would likewise be required to accept that sum in installments.

The council member said her proposal is aimed at reducing costs for Seattle renters during a time in which many of them are struggling to make ends meet.

Read more: http://www.seattletimes.com/seattle-news/politics/sawant-seeks-cap-on-some-fees-landlords-charge-renters-in-seattle/

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Sawant wants to cap fees landlords charge Seattle renters (Original Post) TexasTowelie Jul 2016 OP
Excellent Idea OutNow Jul 2016 #1
Called key money in other countries Warpy Jul 2016 #2
This would be a good thing. LisaM Jul 2016 #3

OutNow

(864 posts)
1. Excellent Idea
Sat Jul 23, 2016, 03:43 PM
Jul 2016

Seattle has a housing affordability crisis. What is really needed is strict rent control, but the city government isn't ready to vote for that. Rather than just give up the fight, Sawant identifies small improvements like forcing slumlords to fix their rentals before they raise their rates. This proposed legislation, to limit the amount of upfront money that landlords can demand, is another small improvement.

I am a huge Kshama Sawant fan. Push for positive change. Push Push Push. Never give up.

Warpy

(111,277 posts)
2. Called key money in other countries
Sat Jul 23, 2016, 04:47 PM
Jul 2016

it's any upfront payment the tenant makes in addition to the monthly rent. In some countries, notably Japan, such money is considered a gift to the landlord and is not returnable. Landlords here would love that, and some of them have to be sued for the return of the "security deposit."

It's a significant barrier to people who need to enter the rental market or who find themselves in substandard housing and want to move. Coming up with three to four months' rent in advance is just not possible for low wage workers.

LisaM

(27,813 posts)
3. This would be a good thing.
Sun Jul 24, 2016, 08:51 AM
Jul 2016

Rent control is illegal by state law here, so nothing can be done at a city level except for cracking down on fees.

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