Text to be removed highlighted in red.
1 New Section; Actions Against Tenants; Notice of Rent Increase. Amend RSA 540 by inserting after section 2 the following new section:
540:2-a Notice of Rent Increase.
I. No owner of residential rental property shall increase a tenant's rent unless the owner provides the tenant with not less than:
(a) 30 days written notice in the case of nonrestricted property.
(b) 60 days written notice in the case of restricted property.
II. Notwithstanding paragraph I or RSA 540:2, IV, an owner of restricted property shall provide a tenant with 6 months written notice of any rent increase, or combination of rent increases, that exceeds 15 percent of the rent that was in effect at the time a notice of rent increase is served on the tenant. If more than one notice of rent increase is served within a 6-month period, the 6-month period shall run from the date that the last rent increase notice is served on the tenant.
III. Any tenant who receives notice of a rent increase that exceeds 15 percent of their current rent shall have the right to terminate their existing lease provided that they provide not less than 10 days written notice to the landlord.
2 Effective Date. This act shall take effect upon its passage.
Text to be added highlighted in green.
1 New Section; Actions Against Tenants; Notice of Rent Increase. Amend RSA 540 by inserting after section 2 the following new section:
540:2-a Notice of Rent Increase.
I. No owner of residential rental property shall increase a tenant's rent unless the owner provides the tenant with not less than:
(a) 30 days written notice in the case of nonrestricted property.
(b) 60 days written notice in the case of restricted property.
II. Notwithstanding paragraph I or RSA 540:2, IV, an owner of restricted property shall provide a tenant with 6 months written notice of any rent increase, or combination of rent increases, that exceeds 15 percent of the rent that was in effect at the time a notice of rent increase is served on the tenant. If more than one notice of rent increase is served within a 6-month period, the 6-month period shall run from the date that the last rent increase notice is served on the tenant.
III. Any tenant who receives notice of a rent increase that exceeds 15 percent of their current rent shall have the right to terminate their existing lease provided that they provide not less than 10 days written notice to the landlord.
2 Effective Date. This act shall take effect upon its passage.