The proposed bill seeks to improve housing stability for tenants by introducing new regulations on rent and fee increases under the residential landlord-tenant act and the manufactured/mobile home landlord-tenant act. Key provisions include a prohibition on rent increases during the first 12 months of tenancy and a cap on annual rent increases to a maximum of seven percent plus the consumer price index, or ten percent, whichever is lower. Landlords are required to provide written notice of any rent increase, including the rationale for any exemptions claimed. The bill also establishes a landlord resource center to assist landlords with available programs and services, while allowing tenants to terminate rental agreements prior to a rent increase with a 30-day written notice.

Additionally, the bill outlines specific exemptions for rent increases beyond the established limits, particularly for properties owned by public housing authorities or nonprofit organizations. It includes provisions for tenant enforcement, enabling tenants or the attorney general to take legal action against landlords who violate these regulations, with potential damages awarded to tenants. The bill amends existing laws to limit move-in fees and security deposits to a maximum of one month's rent and introduces rules regarding guest fees and electronic rent payments. The act is designed for immediate effect and includes provisions for its expiration on July 1, 2040, unless specific funding is provided.

Statutes affected:
Original Bill: 59.18.140, 59.18.270, 59.18.170, 59.20.090, 59.20.170, 59.20.060, 59.20.030
Substitute Bill: 59.18.140, 59.18.270, 59.18.170, 59.20.090, 59.20.170, 59.20.060, 59.20.030
Second Substitute: 59.18.140, 59.18.270, 59.18.170, 59.20.090, 59.20.170, 59.20.060, 59.20.030
Engrossed Bill: 59.18.140, 59.20.170, 59.20.060, 59.20.030
Bill as Passed Legislature: 59.18.140, 59.20.170, 59.20.060, 59.20.030
Session Law: 59.18.140, 59.20.170, 59.20.060, 59.20.030