Bill > HB2175

This bill provides localities in Virginia with the authority to adopt anti-rent gouging ordinances that limit rent increases for residential rental units. Under the proposed legislation, localities can establish an annual rent increase cap equal to either the Consumer Price Index percentage increase or 7%, whichever is lower, with this allowance being published by June 1st and effective from July 1st for a 12-month period. Landlords would be required to provide at least two months' written notice before increasing rent and can only raise rent once per year within the established allowance. The bill mandates that localities create an anti-rent gouging board to manage exemption applications and develop rules for challenging rent increases. Certain types of rental properties are exempt from these regulations, including medical facilities, religious properties, transient facilities, school dormitories, newly constructed buildings (less than 10 years old), and small rental complexes with 10 or fewer units. Localities would be empowered to establish civil penalties for non-compliance, and tenants would have the right to challenge improper rent increases through the local board or court system. The bill aims to provide a framework for local governments to protect tenants from excessive rent hikes while maintaining flexibility for different types of residential properties.

Government Affairs, Justice

https://lis.virginia.gov/bill-details/20251/HB2175