The proposed bill, General Assembly Proposed Bill No. 6447, aims to regulate rental price increases for certain senior living facility units in Connecticut. It specifically targets operators of senior living facilities owned by foreign corporations that manage more than five hundred housing units within the state. The bill stipulates that these operators cannot raise rental prices by more than three percent plus the annual rate of inflation for any unit in a senior living facility that has more than one hundred units.

Additionally, the bill mandates that operators must provide written notice to residents at least sixty days prior to any rental price increase. This legislation seeks to protect seniors from excessive rent hikes and ensure they are adequately informed about changes to their rental agreements. The bill introduces new provisions while amending existing statutes to enhance the rights of senior residents in these facilities.