AN ACT ESTABLISHING A MAXIMUM ANNUAL RENTAL PRICE INCREASE FOR RESIDENTIAL LEASES AND PERMITTING TENANTS TO FILE A COMPLAINT ALLEGING VIOLATIONS OF SUCH MAXIMUM ANNUAL INCREASE.

HB 6490 sets a 10% annual maximum rent increase for residential leases, calculated as the local Consumer Price Index plus 5% (capped at 10%). Landlords must provide tenants with 90 days' written notice of any increase, including the original and new price and calculation method. Tenants can file complaints with the Department of Housing if they believe a rent increase violates the cap, triggering a 30-day investigation. Violations may result in landlords refunding overcharges, paying fines, and facing enhanced penalties for repeated offenses.