This bill enacts provisions relating to residential rental reporting requirements.
This bill:
- defines terms;
- provides that an owner shall provide a renter an offer of rent reporting at the time the owner and renter enter into a rental agreement;
- provides that an owner shall provide an offer of rent reporting at least once annually;
- provides that an owner charge a fee for rent reporting that may not exceed the actual cost of the rent reporting;
- provides the consequences for a renter failing to pay the fee for rent reporting;
- provides that a renter may enroll and unenroll in rent reporting at any time during the duration of the rental agreement;
- prohibits a renter from reenrolling in rent reporting for at least six months if the renter fails to pay the fee for rent reporting or the renter unenrolls in rent reporting; and
- provides that the provisions this bill enacts apply only to an entity that owns one or more residential rental units or an individual that owns 16 or more residential rental units.