Utah's House Bill 182, introduced on January 13, 2025, aims to enhance transparency and fairness in the rental market by imposing new disclosure requirements on property owners. The bill mandates that landlords provide prospective renters with a detailed written estimate of rent and associated costs before signing a rental agreement. This includes a breakdown of fixed, non-rent expenses, the availability date of the rental unit, and the criteria for tenant eligibility, such as credit and rental history.

One of the key provisions allows renters to demand the return of any money paid if the final rental agreement deviates from the initial good-faith estimate or includes undisclosed expenses. This demand must be made within five business days of receiving the rental agreement, ensuring that renters have a clear recourse if they feel misled.

The bill also addresses late fees, capping them at either 10% of the rent or $75, whichever is greater, to prevent excessive charges that can burden tenants.

Supporters of H.B. 182 argue that it will protect renters from unexpected costs and foster a more equitable rental market, particularly in a state where housing affordability is a growing concern. However, some landlords express apprehension about the potential administrative burden and the implications for rental pricing strategies.

As the bill progresses through the legislative process, its implications could significantly impact both renters and landlords in Utah. If passed, it may set a precedent for similar legislation in other states, reflecting a broader movement towards increased consumer protection in housing markets. The ongoing debates surrounding the bill will likely shape its final form and effectiveness in addressing the needs of Utah's rental community.