Bill H.440 aims to enhance tenant protections in Vermont by clarifying the conditions under which a landlord can terminate a tenancy, specifically addressing no-cause evictions and limiting annual rent increases. The bill stipulates that landlords cannot terminate a tenancy without cause unless specific conditions are met, such as the rental unit being part of a small owner-occupied building, requiring significant renovations, or if the landlord intends to occupy the premises. Additionally, if a landlord does terminate a tenancy for no cause, they must provide at least three months' notice and cover reasonable relocation expenses equivalent to one month's rent.

Furthermore, the bill introduces a cap on rent increases, limiting them to a maximum of three percent plus the Consumer Price Index or eight percent, whichever is lower, during any 12-month period. Landlords are required to notify tenants of any rent increase at least 90 days in advance, detailing the amount of the increase and the new rent. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 9-137