Hillsborough County, including the city of Tampa, and Pinellas County have all enacted ordinances protecting residential tenants from unchecked rent increases. Only the city of St. Petersburg has yet to pass a similar ordinance. Last week, Hillsborough County approved new requirements for landlords, who must now give tenants 60 days' notice of any rent increases greater than 5% and they must also give tenants 30 days' notice if their lease is not being renewed.
With rent increasing a record 25% in Hillsborough County in 2021 alone, local governments are scrambling for ways to stabilize the rental markets and protect tenants before they have a larger housing crisis. The new ordinances also offer protections against the flood of corporate investors that are buying up single family housing in volume. These restrictions will be the first step towards keeping corporate landlords in check.
The new ordinance will cause problems for corporate landlords that aren't very good at complying with state law already. If you think your corporate landlord has overcharged you or failed to give you proper notice before charging you increased rent or liquidated damages then call Florida Consumer Lawyers today.