Bill > SB5961

This bill aims to improve housing stability for tenants subject to the residential landlord-tenant act and the manufactured/mobile home landlord-tenant act by limiting rent and fee increases, requiring notice of rent and fee increases, limiting fees and deposits, establishing a landlord resource center and associated services, authorizing tenant lease termination, creating parity between lease types, and providing for attorney general enforcement. The key provisions of the bill include: - Limiting rent and fee increases to no more than 5% per 12-month period, with some exemptions for newer buildings and affordable housing units. - Requiring landlords to provide 180-day notice for rent and fee increases of 3% or more. - Allowing tenants to terminate their rental agreement with 20 days' notice if faced with a 3% or greater rent and fee increase. - Capping move-in fees and security deposits at one month's rent. - Creating a landlord resource center to provide information on available programs and resources. - Authorizing the Attorney General to enforce the new rent increase and fee limits under the state's consumer protection act. Overall, the bill aims to provide tenants with more predictability and protections against excessive rent increases, while also supporting landlords through resources and services.