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GA HB1429

Bill

Official Source

Status

Introduced

2/27/2024

Primary Sponsor

Solomon Adesanya

Click for details

Origin

House of Representatives

2023-2024 Regular Session

AI Summary

  • Limits annual rent increases for tenants who are 62 or older and/or honorably discharged veterans whose primary income comes from Social Security or Veterans' Benefits payments
  • Caps rent increases over any 12-month period at the lower of: (1) 5% of the lowest rent charged in the prior 12 months plus the Consumer Price Index rate of change, or (2) 10% of the lowest rent charged in the prior 12 months
  • Provides tenants an affirmative defense and counterclaim in any dispossessory (eviction) action if the landlord charged rent exceeding the allowable limit
  • Applies to residential lease agreements entered into or renewed on or after July 1, 2024
  • Includes an automatic sunset repeal date of January 1, 2034

Legislative Description

Property; rent increases for seniors and veterans; provide limitations

Last Action

House Second Readers

3/4/2024

Committee Referrals

Governmental Affairs2/29/2024

Full Bill Text

No bill text available