HB 733

  • Virginia House Bill
  • 2024 Regular Session
  • Introduced in House Jan 09, 2024
  • House
  • Senate
  • Governor

Virginia Residential Landlord and Tenant Act; units occupied by elderly tenants.

Abstract

Virginia Residential Landlord and Tenant Act;units occupied by elderly tenants; rent stabilization allowance.Allows any locality to adopt rent stabilization provisions to prohibitany landlord, defined in the bill, from increasing the rent on anyunit in which an elderly tenant, defined in the bill, resides byan amount that exceeds such locality's rent stabilization allowance.The bill defines "rent stabilization allowance" as the percentage increase in the Consumer Price Index, for the region in which thelocality sits, from March in the preceding year to March in the currentyear, plus two percent. Finally, the bill requires any rent stabilizationordinance to include a procedure by which a landlord may apply foran exemption if the net operating income generated by the rentaldwelling unit has not been maintained due to escalating operatingexpenses or for other appropriate reasons as established by the locality.

Bill Sponsors (1)

Votes


Actions


Feb 06, 2024

House

Stricken from docket by General Laws (20-Y 0-N)

Feb 01, 2024

House

Subcommittee recommends striking from docket (8-Y 0-N)

Jan 26, 2024

House

Assigned GL sub: Housing/Consumer Protection

Jan 18, 2024

House

Impact statement from DPB (HB733)

Jan 09, 2024

House

Prefiled and ordered printed; offered 01/10/24 24100914D

House

Referred to Committee on General Laws

Bill Text

Bill Text Versions Format
Prefiled and ordered printed; offered 01/10/24 24100914D PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB733F122.PDF PDF

Sources

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