Comment: A good policy would have been allowing new condos/apartments to be exempt form rent control for the first 10 years. After that rent control kicks in. The annual increase also needs to increase. 5% per year is reasonable and will allow owners to cover increases in costs, such as maintenance fees. Owners should also be allowed to provide tenants with incentives in exchange for raising rates another 5% per year (e.g., upgrades to the unit).