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Committee advances 2% annual cap on manufactured-home park rents, sparking debate over unintended consequences
Summary
A bill (A3361) to cap annual rent increases at manufactured-home parks at 2% advanced from committee after contested testimony. Proponents said it protects low-income homeowners on rented pads; opponents warned it risks undercutting park owners' ability to maintain properties and urged a CPI-linked index or administrative relief route.
The Assembly Commerce Committee on Wednesday voted to release A3361, a bill that would limit annual rent increases a manufactured-home park owner may charge to an owner of a dwelling site within the park to 2% per year. The bill also establishes a process through the Department of Community Affairs for owners to seek approval for increases above 2% in specified circumstances and authorizes tenants to pursue remedies in court for illegal overcharges.
Opponents, including representatives of the New Jersey Association of Manufactured Housing, said a flat statewide cap is unnecessary and could harm owners and the long-term…
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