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.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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