AN ACT RELATING TO PROPERTY -- RESIDENTIAL LANDLORD AND TENANT ACT

HB 5676 limits annual rent increases for residential rental properties to 10% plus the annual change in the Consumer Price Index (CPI). This applies to all landlords and tenants in standard residential leases, capping how much rent can rise each year. The CPI used is based on the U.S. Department of Labor's September 30 prior-year data. The bill adds this restriction to the state's Residential Landlord and Tenant Act, effective upon passage.