Bill
LC 155
Overview: LC 155, "Generally revise state rental laws", Draft Died in Process, Introduced on September 04, 2024Purpose and Intent: This bill aims to update and revise Montana's law
Overview: LC 155, "Generally revise state rental laws", Draft Died in Process, Introduced on September 04, 2024
Purpose and Intent: This bill aims to update and revise Montana's laws governing landlord-tenant relationships and rental housing. The primary goals are to address concerns about housing affordability, tenant protections, and the rights and responsibilities of both landlords and tenants.
Key Provisions:
- Limits the amount landlords can charge for security deposits and requires the return of deposits within a specified timeframe
- Establishes a statewide rent control policy, capping annual rent increases at a certain percentage
- Expands tenant rights, including longer notice periods for evictions and the ability to withhold rent for unresolved maintenance issues
- Requires landlords to provide detailed disclosures to tenants regarding rental terms, fees, and property conditions
- Enhances enforcement mechanisms and penalties for landlords who violate rental laws
Affected Parties and Impacts:
- Tenants would benefit from increased protections and more affordable rental housing
- Landlords would face new restrictions and requirements, potentially impacting their business operations and profitability
- The real estate and rental housing market in Montana could be significantly affected by the proposed changes
Procedural and Timeline Considerations:
The bill is currently in the draft stage and has not been formally introduced in the legislature. If introduced, it would need to go through the standard legislative process, including committee hearings and votes in both chambers, before potentially being signed into law.
Compiled from official sources — confirm details with the bill’s official record.
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