Bill > SB1095

This bill amends the Landlord and Tenant Act of 1951 to provide regulations for residential rental property rate increases and to establish the Rent Control Advisory Board. Key provisions include limiting rent increases to no more than 10% above the lowest rent charged in the previous 12 months or the percentage increase in the county's annual area median income, whichever is greater. The bill also requires 90-day advance notice of rent increases, limits new tenant rent to 15% above the previous tenant's rent, and allows landlords to appeal the rent increase limits in cases of financial hardship. The Rent Control Advisory Board is established to administer the rent increase provisions and provide annual reports on their effects.