California AB1543 limits rent increases in mobilehome parks to 3% plus the cost of living change or 5%, whichever is lower.

California AB1543 sets a cap on rent increases for mobilehome parks, limiting the annual increase to 3% plus the percentage change in the cost of living or 5%, whichever is lower. This cap applies to all rent increases occurring on or after January 1, 2022. The bill also specifies that if a homeowner increased the rent by less than the allowable amount between February 18, 2021, and January 1, 2022, they can make up the difference in two increments within 12 months.

California AB1543 limits rent increases in mobilehome parks to 3% plus the cost of living change or 5%, whichever is lower.

California AB1543 sets a cap on rent increases for mobilehome parks, limiting the annual increase to 3% plus the percentage change in the cost of living or 5%, whichever is lower. This cap applies to all rent increases occurring on or after January 1, 2022. The bill also specifies that if a homeowner increased the rent by less than the allowable amount between February 18, 2021, and January 1, 2022, they can make up the difference in two increments within 12 months.