Landlords must pay relocation costs if they raise rents too high

[Eugene Fedotov]

Coming to a neighborhood near you.

"The Los Angeles City Council adopted an ordinance on Tuesday, Feb. 7 requiring landlords to pay relocation assistance to tenants who move out after getting rent increases of 10% or more.Under the ordinance, if a landlord increases rent by more than 10%, or the Consumer Price Index plus 5%, the landlord must pay the tenant three times the fair market rent for relocation assistance, plus $1,411 in moving costs."

How long before other jurisdictions get the same brilliant idea?