HI HB632

Establishes a rent stabilization law limiting monthly rent increases for most dwelling units to an unspecified percentage at the end of each rental term or every 12 months, whichever is longer.

Prohibits landlords from justifying rent increases based on negative cash flow resulting from refinancing or purchasing the rental property.

Allows unrestricted rent increases only after a dwelling unit is vacated by all tenants.

Creates a rent stabilization advisory working group (up to 5 members) within the Department of Commerce and Consumer Affairs to recommend annual rent adjustment percentages and advise on eviction protections, unit preservation, and fair return standards.

Requires the legislative reference bureau to study incentive programs other states use to encourage landlord rent stabilization and report findings by 20 days before the 2022 legislative session.