The bill amends Section 34-18-15 of the General Laws in the "Residential Landlord and Tenant Act" to introduce new requirements for rental agreements. Key provisions include mandates for landlords to disclose any fees beyond rent, utility responsibilities, and renters insurance requirements, whether or not a written lease exists. If landlords fail to comply with these disclosure requirements, tenants are entitled to recover any undisclosed fees. Additionally, the bill allows tenants aged 65 or older to terminate their rental agreements to enter residential care facilities, with specific notice and documentation requirements.

A significant addition to the bill is the stipulation that during any twelve-month period, rent increases cannot exceed ten percent plus the increase in the Consumer Price Index (CPI). This aims to provide tenants with more predictable and manageable rent increases. The bill will take effect upon passage, ensuring that these new regulations are implemented promptly to protect tenant rights and promote transparency in rental agreements.