In a 4-1 margin, the Culver City Council voted Monday to approve an ordinance which sets an annual 3 percent cap on rent hikes for apartment complexes built before Feb. 1, 1995, according to the Los Angeles Times.

The ordinance also offers tenants in those buildings just-cause eviction protections, which means they can only be evicted for reasons such as not paying rent, causing significant damage to the apartment or building or engaging in criminal activity.

The ordinance will expire in one year, on Aug. 11, 2020. The ordinance does not apply to single-family homes, condos or townhomes.

Read More: https://www.msn.com/en-us/money/realestate/culver-city-approves-cap-on-rent-hikes/ar-AAFKEgi