landlord tenant; rental amounts

HB 2718 establishes a new annual rent increase cap for most Arizona rental properties, limiting increases to the annual consumer price index (CPI) plus 3% (capped at a maximum 7% total increase per year). This applies to landlords after the first 36 months of a newly built property’s occupancy. The law requires the Arizona Department of Housing to calculate permissible increases, accept tenant complaints about violations, and refer cases to the attorney general for enforcement. It also includes provisions for landlords to handle tenant property or animals if a tenant dies or becomes incapacitated, requiring updated contact information for authorized retrieval.