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Senate passes cap on annual space‑rent increases for owners of manufactured homes, exempts small parks
Summary
House Bill 3054 limits annual manufactured‑home space rent increases for homeowners to 6% (with certain exceptions), exempts parks with 30 or fewer spaces and allows a one-time larger increase for infrastructure if a majority of homeowners approve; bill passed after extended floor debate focused on seniors and institutional investors.
The Senate passed House Bill 3054 on Thursday, a negotiated measure that seeks to limit rising space rents in manufactured‑home parks and marinas while preserving avenues for park owners to fund major repairs.
Under the bill as repassed, owners of manufactured homes who rent the pad or space where their home sits would be subject to a maximum annual space‑rent increase of 6 percent; parks and marinas with 30 or fewer spaces are exempt from the new cap. The bill allows an affected park to raise space rent up to 12 percent once every five years to cover significant infrastructure repairs, but…
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