SB 64

Bill Subjects

Agencies; Housing And Community Development Authority (Ihcda) Property; Landlords And Tenants

Abstract

Requires, before November 1, 2024, the Indiana housing and community development authority (authority) to prescribe a statement of the rights of a residential tenant in Indiana. Specifies the contents of the statement. Requires the authority to: (1) make the statement available to residential landlords throughout Indiana; and (2) post the statement on the authority's website. Requires, after October 31, 2024, a residential landlord to provide a tenant with the statement at the time the tenant enters into or renews a rental agreement. Provides that a landlord may not increase the rent payable by a tenant who is at least 62 years of age in an amount that exceeds 10% of the rent payable under the rental agreement in effect on June 30, 2024, and for each year thereafter. Specifies that if a tenancy is month to month, a landlord may not increase the rent payable by a tenant who is at least 62 years of age for a succeeding month in an amount that exceeds: (1) 10%; divided by (2) 12 months; of the amount of rent payable under the rental agreement applicable to the month to month tenancy on June 30, 2024, and for each month thereafter. Indicates that the application of the provisions added by the bill concerning rental increases is not affected by a change in the ownership of the property if the new owner continues to use the property to rent dwelling units.