The bill amends Section 34-18-16.1 of the General Laws in the "Residential Landlord and Tenant Act" to address the issue of housing insecurity and instability in the state, which has been exacerbated by the COVID-19 pandemic and the resulting sharp increases in housing costs. The bill cites findings that the median single-family home price and rental costs have significantly increased, putting pressure on Rhode Islanders, especially those on fixed incomes, and contributing to homelessness and housing retention problems.

The bill introduces new notice requirements for rent increases, extending the time landlords must give notice to tenants before raising rent. Previously, a 30-day notice was required, but the bill changes this to a 120-day notice for all tenants. For month-to-month tenants over the age of 62, the notice period is increased from 60 days to 150 days. Additionally, the bill stipulates that a violation of this section shall be considered a deceptive trade practice and is punishable under the provisions of § 6-13.1-14. The act is set to take effect upon passage.

Statutes affected:
365: 34-18-16.1