This bill addresses provisions relating to owners and renters.
This bill:
- defines terms;
- requires that a new owner of a multifamily unit building provide notice of the change in ownership and any rent increase of 10% or greater than the monthly rent;
- permits a renter in a multifamily unit building to terminate an existing lease agreement if the renter provides written notice to the owner at least 60 days before the day on which the renter terminates the lease agreement;
- prohibits an owner from imposing a rent increase for the first 90 days an owner owns a multifamily unit building;
- allows a jury or court to exercise discretion when entering a judgment for actual damages a jury or court in a proceeding involving a tenant and an owner; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 78B-6-811
Substitute #1: 57-22-4, 78B-6-811