House File 2551 - Introduced HOUSE FILE 2551 BY McBURNEY A BILL FOR An Act relating to rent increases under residential landlord 1 and tenant rental agreements and in manufactured home 2 communities and mobile home parks. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5708YH (3) 91 lh/jh

H.F. 2551 Section 1. Section 562A.9, subsection 3, Code 2026, is 1 amended to read as follows: 2 3. Rent shall be payable without demand or notice at the 3 time and place agreed upon by the parties. If a landlord 4 applies a rent increase to the dwelling unit of a current 5 tenant, the percentage increase shall not be greater than 6 the percentage increase of the consumer price index for all 7 urban consumers in the midwest region over the previous twelve 8 months or the percentage increase of the property value of the 9 premises as determined by the county assessor for the same time 10 period since the last rent increase, whichever is higher. Each 11 tenant shall be notified, in writing, of any rent increase at 12 least ninety days before the effective date. Unless otherwise 13 agreed, rent is payable at the dwelling unit and periodic rent 14 is payable at the beginning of any term of one month or less 15 and otherwise in equal monthly installments at the beginning of 16 each month. Unless otherwise agreed, rent shall be uniformly 17 apportionable from day-to-day. 18 Sec. 2. Section 562B.14, subsection 7, Code 2026, is amended 19 to read as follows: 20 7. If a landlord applies a rent increase to the mobile 21 home space of a current tenant, the percentage increase shall 22 not be greater than the percentage increase of the consumer 23 price index for all urban consumers in the midwest region over 24 the previous twelve months or the percentage increase of the 25 property value of the manufactured home community or the mobile 26 home park as determined by the county assessor for the same 27 time period since the last rent increase, whichever is higher. 28 Each tenant shall be notified, in writing, of any rent increase 29 at least ninety days before the effective date. Such effective 30 date shall not be sooner than the expiration date of the 31 original rental agreement or any renewal or extension thereof. 32 EXPLANATION 33 The inclusion of this explanation does not constitute agreement with 34 the explanation’s substance by the members of the general assembly. 35 -1- LSB 5708YH (3) 91 lh/jh 1/ 2

H.F. 2551 This bill limits the amount a landlord can increase rent 1 on current tenants under residential landlord and tenant 2 agreements and in manufactured home communities or mobile 3 home parks. The bill provides that if a landlord applies a 4 rent increase to the dwelling unit or mobile home space of a 5 current tenant, the percentage increase shall not be greater 6 than either the percentage increase of the consumer price index 7 for all urban consumers in the midwest region over the previous 8 12 months or the percentage increase of the property value of 9 the premises or the manufactured home community or mobile home 10 park, respectively, as determined by the county assessor for 11 the same period since the last rent increase, whichever is 12 higher. 13 Under current law, a tenant of a mobile home space must 14 be notified in writing of any rent increase at least 90 days 15 before the effective date of the rent increase. The bill 16 requires tenants in dwelling units to be notified of a rent 17 increase in the same manner. 18 -2- LSB 5708YH (3) 91 lh/jh 2/ 2