This bill establishes a task force to conduct a comprehensive review of Washington's residential landlord-tenant act, recognizing the need for updates due to changes in the rental market and local ordinances. The task force will consist of various stakeholders, including representatives from the property management industry, tenant organizations, and public housing authorities, and will focus on issues such as rent stabilization, eviction processes, and tenant screening. The task force is required to report its findings and recommendations to the legislature by July 1, 2027, and will be supported by the Department of Commerce.

Additionally, the bill imposes a 36-month moratorium on new regulations related to the residential landlord-tenant relationship at the city, code city, and county levels. This moratorium aims to provide a stable environment while the task force conducts its study and develops recommendations for potential legislative changes. The task force's work is intended to ensure fair treatment for both landlords and tenants and to adapt the regulatory framework to meet the evolving needs of Washington's housing landscape.