AN ACT PROTECTING RENTERS FROM RENT INCREASES UPON THE TRANSFER OF RESIDENTIAL PROPERTY.
HB 5092 prevents landlords from imposing sudden rent hikes when a rental property is sold to a new owner. It directly affects renters in properties transferred within the previous 12 months and landlords who purchase such properties. The bill caps rent increases for these properties at either 5% or the annual consumer price index (CPI) rise - whichever is higher - unless the new owner completed major renovations costing over $50,000 per unit. If renovations were done, the new owner must justify a higher increase through a fair rent commission review; otherwise, the standard cap applies. The law takes effect October 1, 2026.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2026
Last action Apr 14, 2026
Maddy AI version diff · 1 comparison
What changed between versions
Governor's Bill
→
HSG Joint Favorable Substitute
·
3 edits
MINOR
The bill was reclassified from a Governor's request to a Substitute Bill, indicating it has been amended by legislative committees. The most significant substantive change is the removal of a specific threshold requiring major renovations to cost over fifty thousand dollars per dwelling unit; the new version simply requires renovations to exceed fifty thousand dollars total, potentially broadening the scope of what qualifies for rent increase scrutiny. Additionally, the Statement of Purpose was replaced with a Statement of Legislative Commissioners, clarifying that specific wording changes were made for consistency and clarity.
Scope change
The scope of the bill may have expanded slightly by removing the 'per dwelling unit' qualifier for the renovation cost threshold, meaning a single large renovation project could now trigger the rules even if it doesn't meet the per-unit cost previously required.
DEFINITION
Removed the phrase 'per dwelling unit' from the definition of major renovations, changing the cost threshold from fifty thousand dollars per unit to a flat fifty thousand dollars total.
TECHNICAL
Replaced the 'Statement of Purpose' with a 'Statement of Legislative Commissioners' to document specific text changes made for consistency and clarity.
Updated the bill header and footer to reflect its status as a 'Substitute Bill' rather than the original 'Governor's Bill'.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
4
Apr 13, 2026
Lower · Passed
Joint Favorable
lower
Apr 7, 2026
Lower · Passed
REF. BY HOUSE TO COMMITTEE ON Planning and Development
lower
Mar 10, 2026
Lower · Passed
Joint Favorable Substitute
lower
Feb 9, 2026
Committee
REF. TO JOINT COMM. ON Housing
lower
9 primary · 0 co-sponsors
Sponsors
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