Vermont S0034 proposes to lower the allowable rate of increase for mobile home lot rents.

Vermont S0034 aims to lower the allowable rate of increase for mobile home lot rents. The bill mandates that mobile home park owners cannot propose a lot rent increase exceeding one percentage point above the U.S. Consumer Price Index for all Urban Consumers, Housing Component. If a majority of affected leaseholders dispute a proposed increase, the Commissioner will send a list of qualified mediators. The park owner and leaseholders' representative must agree on a mediator within five business days. If no agreement is reached, the Commissioner will appoint a mediator.

Vermont S0034 proposes to lower the allowable rate of increase for mobile home lot rents.

Vermont S0034 aims to lower the allowable rate of increase for mobile home lot rents. The bill mandates that mobile home park owners cannot propose a lot rent increase exceeding one percentage point above the U.S. Consumer Price Index for all Urban Consumers, Housing Component. If a majority of affected leaseholders dispute a proposed increase, the Commissioner will send a list of qualified mediators. The park owner and leaseholders' representative must agree on a mediator within five business days. If no agreement is reached, the Commissioner will appoint a mediator.