HB5390 - Tenant Protection Act Summary

• Establishes rent increase limits capped at the lower of the Consumer Price Index percentage or 3% annually, with no more than one increase per 12-month period and 90-day notice required.

• Creates a Residential Rental Registry requiring landlords to register all dwelling units with the Illinois Housing Development Authority by January 15th annually and pay registration fees ($100 per unit, with exemptions for owner-occupied buildings of 1-3 units).

• Establishes a Right to Counsel Program providing free legal representation to tenants in eviction and housing subsidy termination cases, effective one year after the act becomes law.

• Enacts a comprehensive Tenant Bill of Rights including provisions for landlord maintenance obligations, tenant remedies for non-compliance, security deposit protections, anti-retaliation protections, and restrictions on lease terminations for owner occupancy (requires 120 days notice and $3,000 or 3 months rent relocation assistance).

• Creates a Small Rental Property Owner Repairs and Improvement Fund to provide grants and low-interest loans to owners with 12 or fewer units for capital improvements, and provides tax credits for rental property improvements and real property taxes.