Plain English Breakdown
The official source material does not provide information on the consequences if a landlord violates this rule, leaving it open-ended.
Limits on Rent Increases for Seniors
This bill sets a limit on how much landlords can raise the rent each year for tenants aged 65 and over.
What This Bill Does
- Adds a new law that stops landlords from raising rents more than three percent per year for senior citizens who are at least 65 years old.
- Includes this new rule in the Arizona Residential Landlord and Tenant Act, which is part of Title 33 of the Arizona Revised Statutes.
Who It Names or Affects
- Landlords who own rental properties in Arizona.
- Tenants aged 65 and over living in Arizona.
Terms To Know
- Arizona Revised Statutes
- The official collection of laws for the state of Arizona.
- Arizona Residential Landlord and Tenant Act
- A law that sets rules for landlords and tenants in residential properties in Arizona.
Limits and Unknowns
- Does not specify what happens if a landlord breaks this rule.
- The bill does not address other aspects of renting besides rent increases for seniors.