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IA HF740
Bill
Status
3/5/2025
Primary Sponsor
Josh Turek
Click for details
AI Summary
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Caps rent increases for current tenants at no more than three times the percentage increase of the Consumer Price Index for all urban consumers in the Midwest region over the previous 12 months
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Alternatively allows rent increases up to the percentage increase in property value as determined by the county assessor for the same time period since the last rent increase, whichever cap is higher
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Applies to both residential rental agreements and mobile home/manufactured home community lot rentals
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Amends Iowa Code sections 562A.9 (residential landlord-tenant law) and 562B.14 (manufactured/mobile home community law)
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Maintains existing requirement that mobile home park tenants receive written notice of rent increases at least 90 days before the effective date
Legislative Description
A bill for an act relating to rent increases under residential landlord and tenant rental agreements and in manufactured home communities and mobile home parks.
Last Action
Introduced, referred to Judiciary. H.J. 512.
3/5/2025