Relating to rent increases under residential landlord and tenant rental agreements and in manufactured home communities and mobile home parks

This bill limits the amount a landlord can increase rent on current tenants under residential landlord and tenant agreements and in manufactured home communities or mobile home parks. The bill provides that if a landlord applies a rent increase to the dwelling unit or mobile home space of a current tenant, the percentage increase shall not be greater than either the percentage increase of the consumer price index for all urban consumers in the midwest region over the previous months or the percentage increase of the property value of the premises or the manufactured home community or mobile home park, respectively, as determined by the county assessor for the same period since the last rent increase, whichever is higher. Under current law, a tenant of a mobile home space must be notified in writing of any rent increase at least days before the effective date of the rent increase. The bill requires tenants in dwelling units to be notified of a rent increase in the same manner.