HB693

Hawaii HB693 limits annual rent increases for residential tenants to protect housing stability.

Hawaii HB693 amends the Residential Landlord-tenant Code to cap annual rent increases for tenants. The bill sets a limit of seven percent plus the regional cost of living change or ten percent, whichever is lower, for rent increases over a twelve-month period. It also restricts landlords from increasing rent more than twice in a year. The bill aims to prevent displacement and homelessness by ensuring housing remains affordable for renters, especially those who spend a significant portion of their income on rent.