SB1056

Hawaii SB1056 sets limits on rent increases for residential tenants to protect against displacement and housing instability.

Hawaii SB1056 aims to improve housing stability for renters by capping rent increases. The bill prohibits landlords from raising the gross rental rate by more than seven percent plus the percentage change in the cost of living or ten percent, whichever is lower, over a twelve-month period. This measure is intended to protect tenants from drastic rent hikes that can lead to displacement and homelessness. The bill also restricts subleasing to prevent tenants from exceeding allowable rent rates.