RELATING TO THE RESIDENTIAL LANDLORD-TENANT CODE.

SB 1056 limits how much and how often landlords can raise rent for residential properties within a one-year period. It directly affects residential landlords and tenants by restricting annual rent increases to a specific percentage or frequency. The bill establishes a clear cap on the total rent hike allowed over 12 months, preventing frequent or excessive increases. This policy aims to provide greater housing stability and predictability for renters while setting clear boundaries for landlords' pricing practices.