A bill for an act relating to rent increases under residential landlord and tenant rental agreements and in manufactured home communities and mobile home parks.

House

File

740

-

Introduced

HOUSE

FILE

740

BY

TUREK

,

MATSON

,

BAGNIEWSKI

,

MADISON

,

R.

JOHNSON

,

CROKEN

,

AMOS

JR.

,

WICHTENDAHL

,

GOSA

,

BROWN-POWERS

,

KRESSIG

,

SRINIVAS

,

McBURNEY

,

KURTH

,

COOLING

,

EHLERT

,

OLSON

,

BAETH

,

B.

MEYER

,

WILBURN

,

and

LEVIN

A

BILL

FOR

An

Act

relating

to

rent

increases

under

residential

landlord

1

and

tenant

rental

agreements

and

in

manufactured

home

2

communities

and

mobile

home

parks.

3

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

4

TLSB

2075YH

(6)

91

ll/jh

H.F.

740

Section

1.

Section

562A.9,

subsection

3,

Code

2025,

is

1

amended

to

read

as

follows:

2

3.

Rent

shall

be

payable

without

demand

or

notice

at

the

3

time

and

place

agreed

upon

by

the

parties.

If

a

landlord

4

applies

a

rent

increase

to

the

dwelling

unit

of

a

current

5

tenant,

the

percentage

increase

shall

not

be

greater

than

three

6

times

the

percentage

increase

of

the

consumer

price

index

for

7

all

urban

consumers

in

the

midwest

region

over

the

previous

8

twelve

months

or

the

percentage

increase

of

the

property

value

9

of

the

premises

as

determined

by

the

county

assessor

for

the

10

same

time

period

since

the

last

rent

increase,

whichever

is

11

higher.

Unless

otherwise

agreed,

rent

is

payable

at

the

12

dwelling

unit

and

periodic

rent

is

payable

at

the

beginning

of

13

any

term

of

one

month

or

less

and

otherwise

in

equal

monthly

14

installments

at

the

beginning

of

each

month.

Unless

otherwise

15

agreed,

rent

shall

be

uniformly

apportionable

from

day-to-day.

16

Sec.

2.

Section

562B.14,

subsection

7,

Code

2025,

is

amended

17

to

read

as

follows:

18

7.

If

a

landlord

applies

a

rent

increase

to

the

mobile

home

19

space

of

a

current

tenant,

the

percentage

increase

shall

not

20

be

greater

than

three

times

the

percentage

increase

of

the

21

consumer

price

index

for

all

urban

consumers

in

the

midwest

22

region

over

the

previous

twelve

months

or

the

percentage

23

increase

of

the

property

value

of

the

manufactured

home

24

community

or

the

mobile

home

park

as

determined

by

the

county

25

assessor

for

the

same

time

period

since

the

last

rent

increase,

26

whichever

is

higher.

Each

tenant

shall

be

notified,

in

27

writing,

of

any

rent

increase

at

least

ninety

days

before

the

28

effective

date.

Such

effective

date

shall

not

be

sooner

than

29

the

expiration

date

of

the

original

rental

agreement

or

any

30

renewal

or

extension

thereof.

31

EXPLANATION

32

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

33

the

explanation’s

substance

by

the

members

of

the

general

assembly.

34

This

bill

limits

the

amount

a

landlord

can

increase

rent

35

-1-

LSB

2075YH

(6)

91

ll/jh

1/

2

H.F.

740

on

current

tenants

under

residential

landlord

and

tenant

1

agreements

and

in

manufactured

home

communities

or

mobile

2

home

parks.

The

bill

provides

that

if

a

landlord

applies

a

3

rent

increase

to

the

dwelling

unit

or

mobile

home

space

of

a

4

current

tenant,

the

percentage

increase

shall

not

be

greater

5

than

either

three

times

the

percentage

increase

of

the

consumer

6

price

index

for

all

urban

consumers

in

the

midwest

region

7

over

the

previous

12

months

or

the

percentage

increase

of

8

the

property

value

of

the

premises

or

the

manufactured

home

9

community

or

mobile

home

park,

respectively,

as

determined

by

10

the

county

assessor

for

the

same

period

since

the

last

rent

11

increase,

whichever

is

higher.

12

-2-

LSB

2075YH

(6)

91

ll/jh

2/

2