Relating to restrictions on, and required disclosures relating to, rent increases for residential and manufactured home tenancies.

HB 2904 limits annual rent increases for residential and manufactured home tenancies in Texas. Landlords may raise rent by no more than 5% for affordable housing (defined as housing for households earning ≤70% of area median income) or 10% for other housing, unless major renovations occurred within the prior 12 months. Violating these limits makes landlords liable for three times the excessive rent plus actual damages, with each rental period of violation counted separately. Landlords must also provide tenants a written explanation of circumstances justifying maximum allowable increases. The bill applies to both standard residential leases (Chapter 92 Property Code) and manufactured home lots (Chapter 94 Property Code).