NV SB151

Caps annual rent increases for month-to-month manufactured home park tenancies at 60% of the 12-month average change in the Consumer Price Index for All Urban Consumers, West Region, plus actual pass-through expenses incurred by the landlord

Requires the Housing Division of the Department of Business and Industry to calculate and publish the maximum annual rent increase percentage on its website by July 1 of each year, and issue a press release announcing the rate

Allows landlords to apply for an exemption from the rent cap if operating costs exceed what the park would earn under the limit, requiring proof and a certified public accountant report demonstrating the need

Applies only to month-to-month tenancies, not long-term leases exceeding 12 months, and exempts corporate cooperative parks from the new rent increase limitations

Takes effect January 1, 2026, with the first maximum rent increase percentage to be determined by July 1, 2025 for Fiscal Year 2025-2026