This bill establishes a framework for determining whether a rent increase is unconscionable, incorporating various factors for courts to 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 to a reasonable person's conscience, the duration since the last rent increase, and the condition of the property, particularly regarding habitability and code violations. The bill also places the burden of proof on landlords to demonstrate that a rent 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 regulations from affordable housing programs. The bill is set to take effect immediately, with the confidentiality provision regarding eviction records taking effect six months after enactment.