Perhaps the biggest news in housing this week was that House Bill (HB) 2004 (the Speaker’s rent stabilization bill) passed out of committee with the -6 amendments. The new version of the bill addresses one of the biggest concerns raised at AOC’s Legislative Committee discussion regarding uncertainty for developers, by offering a five-year protection from rent control for any new constructions. Additional changes were made to the bill to try to appease tenant advocates as well as landlords. Notably, the current version of the bill:

  • allows “no cause” terminations within the first six months of a month-to-month tenancy
  • allows only “for cause” terminations after the first six month’s of a month-to-month tenancy, except under certain circumstances (such as the need for the landlord or an immediate family member to occupy the unit, the need to make renovations or repairs during which time the unit would be uninhabitable, the need to make repairs in order to make the unit safe to live in, the landlord converting the unit to a use other than residential, the landlord planning to demolish the unit, the landlord having accepted an offer to purchase the unit)
  • requires a landlord to offer a lease renewal to a tenant at the end of a fixed-term lease, unless the landlord gives 90 days notice and meets one of the aforementioned exemptions
  • requires a landlord who ends a tenancy for repairs or renovations to offer the tenant a new lease before renting the unit to a new tenant
  • requires landlords owning five or more units to pay tenants one month’s rent upon giving notice of termination in accordance with the exemptions described above
  • allows landlords renting a unit in their primary residence or on the property where their primary residence is located when there