The proposed bill, titled "An Act enabling local options for tenant protections," aims to empower municipalities in Massachusetts to implement various tenant protection measures. It amends Chapter 40P of the General Laws, renaming it the "Tenant Protection Act" and replacing existing sections with new provisions that allow cities and towns to adopt regulations for rent stabilization, just cause eviction protections, and condominium conversion ordinances. The bill outlines specific protections for tenants, including the regulation of tenant deposits and fees, and establishes fair return standards for property owners while providing exemptions for owner-occupant landlords and newly constructed housing.

Key provisions include the ability for municipalities to regulate rent and eviction processes in multi-family housing, establish just cause eviction protections, and create ordinances for condominium conversions. The bill also allows for the regulation of tenant deposits and fees, including the option for tenants to pay security deposits and last month's rent in installments. Additionally, municipalities can designate anti-displacement zones to protect low and moderate-income households at risk of displacement. Overall, the bill seeks to address issues of homelessness, displacement, and the lack of affordable housing options in the Commonwealth.