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National City approves 10-year rent-stabilization MOU for mobile-home parks
Summary
The City Council voted to adopt a 10-year memorandum of understanding with the four mobile-home-park owners to continue rent-stabilization benefits effective Jan. 1, 2025, capping annual increases at 3% plus CPI (up to 5%) while allowing limited, disclosed pass-through adjustments amortized over time.
The National City Council on Tuesday approved a 10-year memorandum of understanding with the owners of the city’s four mobile-home parks to extend rent-stabilization protections effective Jan. 1, 2025.
Carlos Geary, the city’s community development director, told the council that the MOU would carry forward the temporary ordinance’s limits — at most one rent increase in a 12-month period, capped at 3 percent plus the consumer-price index up to 5 percent — and would add an agreed process for limited pass-through adjustments for items such as property-tax increases, capital improvements and certain emergency costs, with amortization and notice requirements to reduce tenant…
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