Arizona 2023 Regular Session

Arizona Senate Bill SB1484

Caption

Landlord; tenant; rent increase; limitation.

Impact

The enactment of SB1484 is expected to stabilize rental markets across Arizona, benefiting tenants by placing restrictions on sudden rent hikes that can lead to housing instability. The bill also clarifies the responsibilities of landlords regarding tenant property, allowing landlords to dispose of items left behind or animals belonging to deceased or incapacitated tenants under specific conditions. These provisions aim to balance tenant protections with the practical needs of landlords managing their properties effectively.

Summary

SB1484 amends Arizona's Residential Landlord and Tenant Act, specifically focusing on the limitations surrounding rent increases. The bill establishes clear parameters regarding the permissible rent increase for tenants, which cannot exceed the lesser of either five percent of the lowest rental rate charged within the previous twelve months adjusted for inflation, or ten percent of that same amount. This aims to provide tenants with more predictable rental costs while maintaining a fair allowance for landlords to adjust rents in response to economic conditions.

Conclusion

Overall, SB1484 represents a significant shift in landlord-tenant relations in Arizona, striving to create a more equitable environment for renters while ensuring landlords can adequately manage their properties. By carefully balancing these interests, the bill seeks to foster a rental market that is both fair and sustainable.

Contention

While supporters of SB1484 argue that it protects vulnerable tenants from excessive rent increases and landlord overreach, there are concerns from landlords and property management advocates that such limitations could disincentivize property investments and lead to reduced rental stock. Opponents argue that excessive regulation could hinder the ability of landlords to cover rising costs themselves, potentially leading to a decrease in housing availability.

Companion Bills

No companion bills found.

Previously Filed As

AZ HB2707

Rent limitation; formula

AZ SB1645

Rent stabilization; formula.

AZ HB2268

Landlord; tenant; fee disclosure; waiver

AZ HB2868

Eviction for cause; landlord tenant

AZ HB2755

Landlord tenant; notice; assistance information

AZ HB2510

Landlord tenant; legal aid notice

AZ SB1439

Rental property; dog breeds

AZ SB1426

Rental housing; income source discrimination

AZ HB2527

Landlord tenant; evictions; assistance

AZ HB2301

Landlords; tenant's marijuana use

Similar Bills

AZ SB1173

Landlord tenant; late period; notice

MS SB2626

Comprehensive Landlord and Tenant Act; enact.

MS HB1061

Residential Landlord Tenant Act; revise evictions procedures of the.

OR SB1069

Relating to residential tenancies.

MS SB2461

Landlord-tenant law; revise provisions of to create procedures and protection for evictions.

CA AB1188

Dwelling units: persons at risk of homelessness.

AZ SB1110

Residential rentals; rent increase notice

AZ SB1490

Residential rentals; rent increase notice