HB1162: A BILL FOR AN ACT to amend the Indiana Code concerning property.
Page last updated: Sunday, April 20, 2025 at 7:22 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: Rental rate increase control.
Legislators
Authors (1)
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (2 total)
- Jan 8, 2025, 6:36 AM: First reading: referred to Committee on Judiciary
- Jan 8, 2025, 6:36 AM: Authored by Representative Shackleford
Digest
Prohibits a landlord from increasing the gross rental rate for certain rental units more than the lesser of: (1) 5%, plus the percentage cost of living increase; or (2) 10%; of the lowest gross rental rate charged for the rental unit during the 12 months prior to the effective date of the increase. Prohibits a landlord from increasing the gross rental rate in more than two increments over a 12 month period. Requires the legislative services agency to submit a report to the general assembly not later than July 1, 2030, analyzing the impact of the rental rate cap on the housing market in Indiana.