This bill establishes a framework for determining whether a rent increase is unconscionable by outlining specific factors that courts must consider. These factors include the proposed rent increase amount, the landlord's expenses and profitability, comparisons to similar rental properties in the area, the bargaining positions of both parties, the potential shock of the increase to a reasonable person, the duration since the last increase, and the condition of the property, particularly regarding habitability and code violations. The bill emphasizes that no single factor should solely dictate the court's decision, and it places the burden of proof on the landlord to demonstrate that the increase is not unconscionable.

Additionally, the bill stipulates that court records related to eviction actions where the tenant prevails will be excluded from public access unless the landlord secures a judgment for possession after a trial. It clarifies that these provisions do not apply to rent increases compliant with local rent control ordinances or those regulated by affordable housing programs. The bill is set to take effect immediately, with the confidentiality provision regarding eviction records becoming effective six months after enactment.