HB 24-1259

House Bill 24-1259, which has been signed into law and is now effective, prohibits landlords from charging excessive rent during a declared disaster if the disaster results in a significant decrease in available housing. This means that if there's a disaster like a flood or wildfire that reduces the number of homes people can live in, landlords cannot take advantage by raising rents unreasonably. The law applies to both current and potential renters within the affected areas. Violations are considered unfair practices.

Official Summary

The act prohibits price gouging in the provision of or offer to provide rent-based housing during a disaster period and within the designated disaster area if the disaster declaration specifically declares a material decrease in residential housing units. A violation of the act is an unfair and unconscionable act or practice. APPROVED by Governor June 5, 2024 EFFECTIVE June 5, 2024(Note: This summary applies to this bill as enacted.)

Votes