Arizona HB2739 limits annual rent increases for seniors aged 65 and older to three percent.
Arizona HB2739 amends the Arizona residential landlord and tenant act by adding a section that limits annual rent increases for tenants aged 65 and older to three percent. This provision aims to protect senior citizens from excessive rent hikes, ensuring more stable housing costs. The new section, 33-1309, specifically targets landlords to prevent them from raising rent more than the specified limit for qualifying tenants.
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