The proposed legislation, General Assembly Raised Bill No. 6892, aims to limit the increase of rental charges when residential property is transferred to a new owner. The bill introduces new legal language to Section 7-148c of the general statutes, which will take effect on July 1, 2025. Key insertions include a requirement for fair rent commissions to consider whether ownership of the accommodation has changed within the past twelve months when determining if a rental charge increase is excessive. Additionally, if a new owner has taken over within that timeframe, any proposed increase greater than ten percent of the previous rental charge will be presumed excessive unless the new owner has completed major renovations to the property.

The bill outlines specific factors that fair rent commissions must consider when evaluating rental charges, including comparisons to other accommodations, sanitary conditions, available utilities, and the frequency of past rental increases. The definition of "major renovations" is also provided, specifying that it involves significant updates to at least two primary building systems, such as plumbing or electrical systems. Overall, the legislation seeks to protect tenants from sudden and significant rent increases following a change in property ownership.

Statutes affected:
Raised Bill: 7-148c