§ 4468a.
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/vt/title-9/chapter-137/4468aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4468a. Age-restricted housing; rent increase; notice
(a)Except as provided in subsection
(c)of this section, an owner of privately owned age-restricted residential property within the State that is not licensed pursuant to 33 V.S.A. chapter 71 or 8 V.S.A. chapter 151 shall provide written notification on a form provided by the Department of Housing and Community Development to the Department and all the affected residents of any rent increase at the property not later than 60 days before the effective date of the proposed increase. The notice shall include all the following:
(1)the amount of the proposed rent increase;
(2)the effective date of the increase;
(3)a copy of the resident’s rights pursuant to this section; and
(4)the percentage of increase from the current base rent.
(b)If the owner fails to notify either the residents or the Department of a rent increase as required by subsection
(a)of this section, the proposed rent increase shall be ineffective and unenforceable.
(c)This section shall not apply to any rent increase at any publicly subsidized affordable housing that is monitored by a State or federal agency for rent limitations. (Added 2023, No. 181 (Adj. Sess.), § 110, eff. June 17, 2024.)