S.4173

Establishes criteria for determining unconscionable rent increases in residential properties.

The bill establishes criteria for a court to determine whether a rent increase is unconscionable, considering factors such as the amount of the increase, landlord's expenses, and the condition of the property. It presumes a rent increase to be unconscionable if the landlord knowingly violates transparency requirements. The landlord bears the burden of proof to demonstrate that the rent increase is not unconscionable. The bill also provides tenants with the right to request a rationale for a rent increase and to challenge it if deemed unconscionable.