Plain English Breakdown
The official source does not provide details on how cost-of-living changes are calculated.
Rent Caps for Mobile Home Parks
AB-1543 sets limits on how much rent can increase each year in mobilehome parks.
What This Bill Does
- Sets a limit on how much rent can increase each year in mobilehome parks.
- Limits the rent increase to either 5% of the lowest rent charged over the past year or 3% plus changes due to cost of living.
Who It Names or Affects
- People who live in mobilehome parks
- Managers and owners of mobilehome parks
Terms To Know
- Mobilehome park
- An area with at least two places where mobile homes can be rented.
- Gross rental rate
- The total amount of rent charged for a mobile home site.
Limits and Unknowns
- Does not specify what happens if the bill does not pass.
- Does not explain how to calculate cost-of-living changes.
- Does not mention any exceptions or special cases.