Rental properties that are less than ______ are exempt from the Tenant Protection Act of 2019.

The correct answer is that rental properties that are less than 15 years old are exempt from the Tenant Protection Act of 2019. This act was designed primarily to provide protections for tenants, including limits on rent increases and the procedures for evictions. However, it also includes certain exemptions to encourage new development and investment in rental properties.

The rationale behind this exemption is to facilitate a balanced rental market that encourages property owners to invest in newer buildings without the same regulatory burdens that older properties face. By exempting properties under 15 years old, the legislation recognizes the need to incentivize the construction and availability of newer rental units, which can often be more compliant with modern building standards and tenant amenities.

Understanding this aspect of the Tenant Protection Act is crucial for real estate professionals as it influences investment decisions, property management strategies, and compliance with local housing regulations. It reflects the balance lawmakers seek between protecting tenant rights and promoting property investment and development within the housing market.