The bill amends the Truth in Renting Act by updating sections 3 and 4 to enhance tenant protections in rental agreements. Key changes include a requirement that rental agreements must not contain provisions that waive or alter tenants' rights regarding habitability, security deposits, discrimination, liability, and legal costs, among others. New provisions have been added to ensure that tenants retain their rights to repair and deduct rent until necessary repairs are completed, and to clarify that any rental agreement must not include clauses that have been prohibited by law or declared unenforceable by a court.

Additionally, the bill mandates that rental agreements must include specific information, such as the name and address for notices to the lessor and a prominent notice regarding the rights and obligations under the Truth in Renting Act. It also requires landlords to provide written notice of any rent increases at least 90 days before the end of a lease for fixed-term tenancies. The enactment of this bill is contingent upon the passage of two other specified bills in the legislature.

Statutes affected:
Senate Introduced Bill: 554.633, 554.634