A 3995
Establishes certain requirements concerning unconscionable rent increases for residential rental properties.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes requirements for determining whether a rent increase for residential properties is ‘unconscionable.’ It outlines factors a court should consider, including the amount of the increase, the landlord’s expenses, comparable rents in the area, the bargaining power of the parties, and the property’s condition. The bill also creates a process for tenants to challenge unreasonable rent increases and provides remedies such as lease reformations and penalties for landlords who violate transparency requirements.
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