Bill > SB275A

This bill revises provisions related to manufactured home parks by introducing new regulations on rent increases. Specifically, the Housing Division of the Department of Business and Industry will be required to calculate and publish an annual maximum rent increase percentage, which will be set at 60% of the May 12-month average change in the Consumer Price Index for All Urban Consumers in the West Region. For month-to-month tenancies, landlords will be prohibited from increasing rent beyond this calculated percentage plus any actual pass-through expenses. Landlords may apply for an exemption to this limit if they can demonstrate through a certified public accountant's report that their operating costs exceed the potential earnings under the rent increase cap. The bill also requires the Housing Division to publish the maximum rent increase percentage on their website, issue a press release, and maintain this information for at least two years. Additionally, the bill provides definitions for terms like "maximum annual rent increase percentage" and "pass-through expenses" and makes conforming changes to existing Nevada Revised Statutes to accommodate these new provisions, with the aim of providing more transparency and predictability for manufactured home park tenants regarding potential rent increases.

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11937/Overview