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Bill

S 6452

Requires rent concessions to be reported to the division of housing and community renewal

2025 Regular Session Introduced by Cordell Cleare

Bill S 6452 requires landlords to report rent concessions to enhance transparency, benefiting tenants and informing housing policy through accurate data collection.

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
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Bill Summary · S 6452

Summary of Bill S 6452

Bill Overview

  • Bill Number: S 6452
  • Title: Requires rent concessions to be reported to the Division of Housing and Community Renewal
  • Status: Referred to Housing, Construction and Community Development
  • Introduced On: March 14, 2025
  • Classification: Bill

Purpose and Intent

Bill S 6452 aims to enhance transparency in the rental housing market by mandating that landlords report any rent concessions to the Division of Housing and Community Renewal (DHCR). Rent concessions are incentives provided by landlords to attract tenants, such as reduced rent or other financial benefits. The intent of this legislation is to ensure that accurate data on rental practices is available, which can inform policy decisions and help protect tenants' rights.

Key Provisions

  • Reporting Requirement: Landlords will be required to report all rent concessions to the DHCR. This includes any discounts, incentives, or financial benefits offered to tenants as part of their lease agreements.
  • Data Collection: The DHCR will collect and maintain records of these concessions, which will be used to analyze trends in rental practices and housing affordability.
  • Compliance and Enforcement: The bill outlines potential penalties for landlords who fail to report rent concessions as required, although specific penalties are not detailed in the current version.

Who Would Be Affected

  • Landlords: All landlords offering rent concessions will need to comply with the reporting requirements, potentially increasing their administrative responsibilities.
  • Tenants: The bill aims to benefit tenants by providing greater transparency in rental agreements and ensuring that they are aware of the concessions being offered in the market.
  • Housing Authorities: The DHCR will play a crucial role in overseeing the collection of this data, which may influence future housing policies and regulations.

Procedural Aspects

  • Current Status: As of March 14, 2025, the bill has been referred to the Housing, Construction and Community Development Committee for further consideration.
  • Related Legislation: This bill is related to prior-session bills S 9155 and S 1868, as well as companion bill A 2390, indicating ongoing legislative interest in the topic of rent concessions and tenant protections.

Conclusion

Bill S 6452 represents a significant step towards increasing transparency in the rental housing market by requiring landlords to report rent concessions. By doing so, it aims to protect tenants and provide valuable data for housing policy development. The bill is currently under review and may undergo further amendments as it progresses through the legislative process.

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

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