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Bill

A 1642

Provides for the determination of legal regulated base date rent for certain purposes

2025 Regular Session Introduced by Linda Rosenthal

Bill A 1642 establishes a standardized method for calculating legal regulated base date rent, enhancing clarity for landlords and tenants in rent regulation.

REFERRED TO HOUSING
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WeVote Research Nonpartisan
Bill Summary · A 1642

Summary of Bill A 1642

Bill Information

  • Bill Number: A 1642
  • Title: Provides for the determination of legal regulated base date rent for certain purposes
  • Status: Referred to Housing
  • Introduced: January 10, 2025
  • Classification: Bill

Purpose and Intent

Bill A 1642 aims to establish a clear framework for determining the legal regulated base date rent for specific purposes. This legislation is intended to provide clarity and consistency in rent regulation, which is crucial for both landlords and tenants in understanding their rights and obligations under the law.

Key Provisions

  • Legal Regulated Base Date Rent: The bill proposes a standardized method for calculating the legal regulated base date rent, which will serve as a reference point for various rent-related determinations.
  • Scope of Application: The provisions of this bill will apply to certain rental agreements and properties that fall under the jurisdiction of rent regulation laws.
  • Implementation Guidelines: The bill outlines specific guidelines for how the base date rent should be determined, ensuring that calculations are transparent and equitable.

Affected Parties

  • Landlords: Property owners will benefit from a clearer understanding of how to calculate regulated rents, potentially reducing disputes with tenants.
  • Tenants: Renters will gain a better grasp of their rights regarding rent increases and the legal framework governing their leases.
  • Housing Authorities: Local housing authorities will be tasked with enforcing the new regulations and ensuring compliance among landlords.

Procedural Aspects

  • Legislative Process: As of January 10, 2025, the bill has been referred to the Housing Committee for further consideration. This step is crucial for evaluating the bill's provisions and potential impacts before it can advance to a vote.
  • Related Legislation: Bill A 1642 is related to prior-session bills A 10514 and A 2129, as well as companion bill S 6464, indicating ongoing legislative efforts to address rent regulation issues.

Conclusion

Bill A 1642 represents a significant step towards establishing a more structured approach to rent regulation. By defining the legal regulated base date rent, the bill seeks to enhance transparency and fairness in the rental market, benefiting both landlords and tenants. As it moves through the legislative process, stakeholders will be closely monitoring its progress and potential implications for housing stability.

Compiled from official sources — confirm details with the bill’s official record.

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