summary
Introduced
01/10/2023
01/10/2023
In Committee
01/10/2023
01/10/2023
Crossed Over
Passed
Dead
04/12/2023
04/12/2023
Introduced Session
Potential new amendment
2023 Regular Session
Bill Summary
Local rent stabilization authority; civil penalty. Local rent stabilization authority; civil penalty. Provides that any locality may by ordinance adopt rent stabilization provisions. The bill provides for notice and a public hearing prior to the adoption of such ordinance and specifies that all landlords who are under rent stabilization may be required to give up to a two-month written notice of a rent increase and cannot increase the rent by more than the locality's rent stabilization allowance, described in the bill as the maximum amount a landlord can increase a tenant's rent during any 12-month period, in effect at the time of the increase. The bill sets such allowance as equal to the annual increase in the Consumer Price Index for the region in which the locality sits, states that such allowance is effective for a 12-month period beginning July 1 each year, and requires the locality to annually by June 1 publish such allowance on its website. Certain facilities, as outlined in the bill, are exempt from any such ordinance. The bill also requires such ordinance to provide a procedure by which a landlord may apply for an exemption from the rent stabilization provisions in situations where the net operating income generated by the rental facility has not been maintained due to escalating operating expenses or for other appropriate reasons as established by the locality. Finally, the bill provides that a locality may establish a civil penalty for failure to comply with the requirements set out in the ordinance that shall not exceed $2,500 per separate violation.
AI Summary
This bill provides that any locality in Virginia may adopt an ordinance to implement rent stabilization provisions. The key provisions are:
1. Localities can require landlords to provide up to two months' written notice of a rent increase and limit rent increases to no more than the locality's annual rent stabilization allowance, which is set equal to the percentage increase in the Consumer Price Index for the region.
2. The rent stabilization allowance is published annually by June 1 and is effective for a 12-month period beginning July 1.
3. Certain facilities, such as licensed medical facilities, temporary shelters, religious facilities, and newly constructed units, are exempt from the rent stabilization ordinance.
4. Landlords can apply for an exemption if the net operating income of the rental facility has not been maintained due to escalating operating expenses or other appropriate reasons.
5. Localities can establish a civil penalty of up to $2,500 per violation for failure to comply with the rent stabilization ordinance.
Committee Categories
Justice
Sponsors (1)
Last Action
Passed by indefinitely in General Laws and Technology with letter (9-Y 5-N) (on 01/18/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1278 |
| Amendment(s) for SB1278 for S-General Laws and Technology | https://committees.lis.virginia.gov/pdfs/drafts/23104784A.pdf |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1278+hil |
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