Iowa HF2551 limits rent increases for current tenants in residential rental agreements and manufactured home communities.

Iowa HF2551 establishes limits on rent increases for current tenants in residential rental agreements and manufactured home communities. The bill specifies that rent increases cannot exceed the higher of the consumer price index increase for the Midwest region over the previous 12 months or the property value increase as determined by the county assessor. Tenants must be notified in writing of any rent increase at least 90 days before it takes effect. This applies to both residential rental agreements and mobile home spaces.

Iowa HF2551 limits rent increases for current tenants in residential rental agreements and manufactured home communities.

Iowa HF2551 establishes limits on rent increases for current tenants in residential rental agreements and manufactured home communities. The bill specifies that rent increases cannot exceed the higher of the consumer price index increase for the Midwest region over the previous 12 months or the property value increase as determined by the county assessor. Tenants must be notified in writing of any rent increase at least 90 days before it takes effect. This applies to both residential rental agreements and mobile home spaces.