Connecticut HB05092 protects renters from excessive rent increases when residential property is transferred to a new owner.

Connecticut HB05092 establishes protections for renters against excessive rent increases when residential property is transferred to a new owner. The bill mandates that a fair rent commission assess whether a proposed rent increase is harsh and unconscionable, considering factors such as the consumer price index and local housing conditions. If the commission deems an increase excessive, it can limit the rent hike to the greater of five percent or the most recent average consumer price index increase.

Connecticut HB05092 protects renters from excessive rent increases when residential property is transferred to a new owner.

Connecticut HB05092 establishes protections for renters against excessive rent increases when residential property is transferred to a new owner. The bill mandates that a fair rent commission assess whether a proposed rent increase is harsh and unconscionable, considering factors such as the consumer price index and local housing conditions. If the commission deems an increase excessive, it can limit the rent hike to the greater of five percent or the most recent average consumer price index increase.