Bill > HB06892

This bill modifies existing law regarding rental charges and property transfers, creating new protections for tenants when residential properties change ownership. Specifically, the bill instructs fair rent commissions to consider a new factor when evaluating rental increases: whether the property has been transferred to a new owner within the past twelve months. If a property has been transferred, the bill establishes a presumption that any rental charge increase over 10% is excessive, unless the new owner has completed "major renovations" to the property. Major renovations are defined as improvements to at least two primary building systems, such as plumbing, heating, air conditioning, electrical systems, building envelope, or foundation. The bill aims to prevent potentially aggressive rent hikes that might occur immediately after a property changes hands, by requiring rent commissions to carefully scrutinize such increases and protect tenants from what could be considered unfair pricing practices. The provisions will take effect on July 1, 2025, giving property owners and rent commissions time to prepare for the new standards.

Housing and Urban Affairs

Housing Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06892&which_year=2025