Vt. Stat. Ann. tit. 9 § 4468a — § 4468a. Age-restricted housing; rent increase; notice
§ 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.)