HB 501

Abstract

Amends the Mobile Home Landlord and Tenant Rights Act. Provides that, if a mobile home park has an occupancy rate of less than 85%, (i) the purchaser of an existing mobile home that is located on a lot in that park may not be charged a rental amount for that lot for the first year of the lease that exceeds the rental amount charged to the prior lessee by more than 6% and (ii) rental amounts for the lease of any mobile home or mobile home lot may not be increased by more than 5% annually. Provides that in any mobile home park, increases in rent must be clearly explained in writing; the explanation must indicate (i) how much the rent has increased as a percentage of the base rent, (ii) the increase or decrease in the Consumer Price Index during the previous 12-month period, and (iii) the dollar amount of the increase per month and annually. Exempts mobile home parks in operation for 5 years or less, regardless of ownership, from these rent limitations.