A proposal many criticized as “rent control” was rejected by Menlo Park City Council last night (Feb. 26) in favor of an ordinance that will force landlords to pay tenants they evict if the property is going to be redeveloped.
Council was split 3-2 over the dueling proposals.
Betsy Nash and Cecilia Taylor favored the plan proposed by the city’s Housing Commission that would force landlords to pay tenants the three months’ rent if they raise the rent more than 9.3% and the hike forces tenants to move. The 9.3% figure is based on 5% plus the cost-of-living rate, which is currently 4.3% per year. The ordinance also has other reasons that landlords would have to pay tenants if they have to move.
The other proposal, the one that ultimately passed, was based on an ordinance Redwood City passed last March. It requires landlords to pay tenants if they’re being evicted because they plan to redevelop the property. Payments would be required for a couple other reasons, too.