Establishes criteria for determining unconscionable rent increases in residential properties.

The bill sets criteria for courts to determine if a rent increase is unconscionable, considering factors like the amount of increase, landlord's expenses, and comparison to similar properties. It presumes a rent increase in violation of transparency requirements to be unconscionable. Tenants can request a rationale for the increase and ask for a lesser amount. The landlord must prove the increase is not unconscionable. The bill also outlines penalties for violations, including reformation of the lease amount and treble damages.

Establishes criteria for determining unconscionable rent increases in residential properties.

The bill sets criteria for courts to determine if a rent increase is unconscionable, considering factors like the amount of increase, landlord's expenses, and comparison to similar properties. It presumes a rent increase in violation of transparency requirements to be unconscionable. Tenants can request a rationale for the increase and ask for a lesser amount. The landlord must prove the increase is not unconscionable. The bill also outlines penalties for violations, including reformation of the lease amount and treble damages.