CT HB05042

Caps rent increases at 5% or the annual consumer price index increase (whichever is greater) for existing tenants when a rental property changes ownership within the preceding 12 months, unless the new owner completes major renovations

Defines "major renovations" as work on at least two primary building systems (plumbing, HVAC, electrical, building envelope, or foundation) requiring significant expenditure relative to fair market value

Requires fair rent commissions to consider whether ownership has been transferred within the past 12 months when evaluating whether proposed rent increases are "harsh and unconscionable"

Preserves fair rent commission authority to find rent increases of 5% or less harsh and unconscionable based on other factors such as sanitary conditions, comparable rents, and tenant income

Effective October 1, 2026