As we enter 2025, several significant legislative changes will affect property owners and landlords. These laws have far-reaching implications, from recreational land use to residential property regulations. Here's an overview of the bills.
HB24-1098: Cause Required for Residential Evictions Learn More
This comprehensive law mandates that landlords offer lease renewals to tenants unless specific exceptions apply. Non-renewals without cause are now categorized as "no-fault evictions."
Exceptions:
Selling the Property
Moving Back into the Property
3 late payments during the lease term
Substantial renovations
Tenant refuses reasonable lease renewal terms
Total Demolishing of property
HB24-094: Safe Housing for Residential Tenants Learn More
The “big bill” of the session, this legislation redefines maintenance responsibilities for residential properties. Enhanced requirements will likely increase maintenance costs for landlords with timelines now that have to be met for some repairs.
HB24-1318: Rental Modifications for Tenants with Disabilities Learn More
Landlords are now required to cover all costs for property modifications requested by tenants with disabilities, a shift from the previous tenant-paid model.
HB24-064: Monthly Residential Eviction Data & Reporting Learn More
Counties must now track and report eviction filing information, adding a layer of transparency and accountability to the eviction process.
HB24-1007: Prohibit Residential Occupancy Limits Learn More
This law prevents municipalities from imposing unreasonable residential occupancy limits, offering more flexibility for property owners and tenants.
HB24-1334: Broadband Services in Multiunit Buildings Learn More
Under this bill, landlords in multifamily properties can no longer prohibit tenants from accessing broadband services. This ensures tenants have the freedom to choose internet providers.
HB24-1294: Mobile Homes in Mobile Home Parks Learn More
This extensive bill introduces several changes affecting mobile home park management. With numerous provisions, it’s essential for park owners to review the full text to understand compliance requirements.
HB24-1051: Towing Carrier Regulation Learn More
Towing companies can no longer patrol properties to enforce parking restrictions on behalf of property owners. Additionally, a 24-hour notice is now required before any vehicle can be towed.
SB24-058: Landowner Liability for Recreational Use/ Warning Signs Learn More
This legislation addresses concerns related to the use of private land for recreational purposes. Landowners should ensure proper warning signage is in place to mitigate liability risks.
HB24-1175: Local Government Rights for Affordable Housing Learn More
Local governments now have the right of first refusal and first offer to purchase certain multifamily rental properties to support affordable housing initiatives.
HB24-1259: Price Gouging Restrictions in Disaster Areas Learn More
In declared disaster areas, this law prohibits rent increases beyond a specified threshold, aimed at preventing price gouging during emergencies.
HB24-1099: Defendant Filing Fees in Evictions Learn More
This bill eliminates the filing fee for tenants responding to eviction proceedings, potentially extending the duration of the process for landlords.
HB24-1286: Equal Justice Fund Authority Learn More
A new fee imposed on landlords for legal filings will fund legal representation for low-income renters through the newly created Equal Justice Authority.
What These Changes Mean for Property Owners
2025 will be the test for many of these bills. They have to be tested in our courts to see what stands up and what falls down. That is why we are in continued conversation with our Legal Team to ensure you that we are up-to-date on all changes that affect you and your property.
For questions or further guidance on how these legislative changes impact your properties, reach out to us. At Walters and Company Property Management we’re committed to helping property owners stay ahead of evolving regulations while maintaining successful and compliant investments.
