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HI HB693

Bill

Official Source

Status

Introduced

1/21/2025

Primary Sponsor

Tina Grandinetti

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Caps annual rent increases at the lesser of 7% plus the regional cost of living change, or 10%, with an additional 7% allowable if the cap doesn't cover yearly operating and maintenance expenses
  • Limits rent increases to no more than two increments per 12-month period when the same tenant remains in occupancy
  • Requires landlords to provide written notice 60 days before any rent increase takes effect, except for month-to-month or shorter tenancies
  • Excludes rent discounts, incentives, concessions, and credits from the calculation of the lowest gross rental rate, and requires these to be separately listed in rental agreements
  • Applies to all residential rental agreements entered into or renewed on or after the effective date, except for housing projects funded or operated by government agencies

Legislative Description

Relating To The Residential Landlord-tenant Code.

Landlord-tenant Code

Last Action

Referred to CPC, JHA, FIN, referral sheet 2

1/21/2025

Committee Referrals

Consumer Protection & Commerce1/21/2025

Full Bill Text

No bill text available