(A) Permissive annual increase permitted. A mobile home park owner may increase space rent for a tenant by the permissive annual increase amount no more than once per 12-month period.
(B) Permissive annual increase. The permissive annual increase shall be equal to 100% of CPI, or 5% of the space rent for the previous 12- month period, whichever is lower. In the event an applicable state law becomes effective which requires a lower or higher permissive annual increase, the state law requirement will prevail.
(C) Notice of rent increase required. The permissive annual increase shall become effective only after the mobile home park owner provides written notice to the tenant in the manner prescribed by law, with at least 90 days' advance written notice.
(Ord. 2023-366, passed 3-1-2023)