IA HF2551

Rent increases for current tenants in residential rental units and mobile home spaces are capped at the higher of two measures: the percentage increase in the Consumer Price Index for all urban consumers in the Midwest region over the previous 12 months, or the percentage increase in property value as determined by the county assessor for the same period.

Landlords must provide written notice of any rent increase at least 90 days before the effective date for both residential dwelling units and mobile home spaces.

The bill amends Iowa Code Section 562A.9 (residential landlord-tenant law) and Section 562B.14 (manufactured home communities and mobile home parks).

For mobile home parks, the rent increase effective date cannot be sooner than the expiration of the original rental agreement or any renewal or extension.