Bill > HF740

This bill limits rent increases for both residential tenants in dwelling units and tenants in manufactured home communities or mobile home parks by introducing a cap on how much landlords can raise rent. Specifically, the bill stipulates that any rent increase cannot be greater than either three times the percentage increase of the Consumer Price Index (CPI) for urban consumers in the Midwest region over the previous 12 months, or the percentage increase in property value as determined by the county assessor during the same period, whichever is higher. For mobile home spaces, the bill also requires that tenants receive written notification of any rent increase at least 90 days before the effective date, which cannot be earlier than the expiration of the current rental agreement. This legislation aims to protect tenants from excessive rent hikes by tying potential increases to established economic indicators like inflation and property value changes, providing a more predictable and potentially more affordable rental environment for residents in Iowa.

Justice

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF740