Maine Votes to Implement Mobile Home Lot Rent Stabilization Ordinance
1 report, 1 independent
Updated Thu 00:00
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What happened
Voters in Norway approved a mobile home lot rent stabilization ordinance. The new rules limit how often a park owner can raise lot rent and fees to once every 12 months. Increases are capped at the most recent annual change in the Consumer Price Index plus one percentage point, and cannot exceed 5%.
From aol.com
Why it matters
The ordinance requires park owners to petition a new rent stabilization board and demonstrate that extraordinary expenses are necessary and reasonable to justify rent increases. This limits the ability of park owners to raise revenue based on general operating costs or deferred maintenance.
From aol.com
Who's involved
- Betty JonesResident of the home park affected by the new rent stabilization ordinance
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The entities involved
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Betty Jones
botanical collector (1939 - )
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Michigan
state of the United States of America