Governor's Bill No. 5092 aims to protect renters from excessive rent increases following the transfer of residential properties. The bill amends Section 7-148c of the general statutes, introducing new criteria for fair rent commissions to consider when determining if a rental charge or proposed increase is excessive. Notably, it adds a new factor for consideration: whether ownership of the accommodations has changed within the past twelve months. Additionally, the bill defines "major renovations" as those costing over fifty thousand dollars per dwelling unit and outlines the commission's responsibilities in assessing proposed rent increases based on whether such renovations have been completed.

The bill also revises Section 7-148d, establishing that if a commission finds a proposed rent increase to be excessive, it can limit the increase to either five percent or the increase in the consumer price index for urban consumers, whichever is greater. Furthermore, it allows the commission to suspend rent payments if a housing accommodation fails to meet health and safety standards until necessary repairs are made. The changes are set to take effect on October 1, 2026, and are intended to align with the Governor's budget recommendations.

Statutes affected:
Governor's Bill: 7-148c, 7-148d