HB 1484 Summary

• Limits annual rent increases to 5% plus the percentage change in the Consumer Price Index from the prior twelve months, effective July 1, 2023.

• Prohibits landlords from increasing rent more than once per twelve-month period for the same tenant.

• Requires landlords to provide 60 days' written notice before implementing any rent increase.

• Increases lease termination notice requirement from 45 days to 90 days for month-to-month tenancies and longer.

• Exempts affordable housing, properties with certificates of occupancy issued within 15 years, single-family rentals (if landlord is not a corporation, REIT, or LLC with corporate member), and housing subject to stricter local rent controls.