New York A00340 requires manufactured home park owners to provide a written justification for rent increases over three percent.

New York A00340 mandates that manufactured home park owners must provide a written justification for any rent increase exceeding three percent of the current rent. The bill also stipulates that any increase in costs intended to justify such a rent hike for ordinary maintenance or repair must be demonstrated as necessary to meet the warranty of habitability obligations. This requirement aims to ensure transparency and accountability in rent adjustments for residents of manufactured home parks.

New York A00340 requires manufactured home park owners to provide a written justification for rent increases over three percent.

New York A00340 mandates that manufactured home park owners must provide a written justification for any rent increase exceeding three percent of the current rent. The bill also stipulates that any increase in costs intended to justify such a rent hike for ordinary maintenance or repair must be demonstrated as necessary to meet the warranty of habitability obligations. This requirement aims to ensure transparency and accountability in rent adjustments for residents of manufactured home parks.