Iowa HF740 limits rent increases for current tenants in residential rental agreements and manufactured home communities.

Iowa HF740 amends the Code to restrict the amount a landlord can increase rent for current tenants. The bill specifies that the percentage increase cannot exceed three times the consumer price index increase for the previous 12 months or the property value increase, whichever is higher. This applies to both residential rental agreements and manufactured home communities. The increase cannot be applied before the expiration of the original rental agreement or any renewal.

Iowa HF740 limits rent increases for current tenants in residential rental agreements and manufactured home communities.

Iowa HF740 amends the Code to restrict the amount a landlord can increase rent for current tenants. The bill specifies that the percentage increase cannot exceed three times the consumer price index increase for the previous 12 months or the property value increase, whichever is higher. This applies to both residential rental agreements and manufactured home communities. The increase cannot be applied before the expiration of the original rental agreement or any renewal.