Summary: This bill clarifies that rent increases up to current market rates are legal, so long as there is supporting documentation that the new rent rate is in fact in line with current market conditions.
CHC Position/Concerns: SUPPORT - BILL DIED 2/19 IN COMMITTEE -The CHC is in support of this bill, as it clarifies that rent increases to bring a unit up to current market rate are legal and allowable. Testified in support of this bill on 2/19. This bill died in committee on 2/19.
Link to Bill: https://leg.colorado.gov/bills/hb25-1092
