Ex. Summary:
House Bill 24-1259 prohibits rental price gouging during declared disasters, ensuring tenants are not subjected to excessive rent increases in crisis-affected areas. The law caps rent hikes at 10% above pre-disaster levels and allows tenants, the Attorney General, or District Attorneys to take legal action against violations. Landlords in designated disaster zones must comply with price restrictions to prevent economic exploitation of displaced residents. The bill provides enforcement mechanisms, tenant protections, and legal remedies to curb unfair rent practices while also requiring careful monitoring of rental pricing trends. By stabilizing housing costs during emergencies, the law aims to prevent widespread displacement and protect housing accessibility.