HF 740 (LSB 2075YH (6) 91)

HOUSE FILE 740

BY  TUREK, MATSON, BAGNIEWSKI, MADISON, R. JOHNSON, CROKEN, AMOS JR., WICHTENDAHL, GOSA, BROWN-POWERS, KRESSIG, SRINIVAS, McBURNEY, KURTH, COOLING, EHLERT, OLSON, BAETH, B. MEYER, WILBURN, and LEVIN

A BILL FOR

An Act relating to rent increases under residential landlord and tenant rental agreements and in manufactured home communities and mobile home parks.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 562A.9, subsection 3, Code 2025, is amended to read as follows:
   3.  Rent shall be payable without demand or notice at the time and place agreed upon by the parties.  If a landlord applies a rent increase to the dwelling unit of a current tenant, the percentage increase shall not be greater than three times the percentage increase of the consumer price index for all urban consumers in the midwest region over the previous twelve months or the percentage increase of the property value of the premises as determined by the county assessor for the same time period since the last rent increase, whichever is higher. Unless otherwise agreed, rent is payable at the dwelling unit and periodic rent is payable at the beginning of any term of one month or less and otherwise in equal monthly installments at the beginning of each month. Unless otherwise agreed, rent shall be uniformly apportionable from day-to-day.
    Sec. 2.  Section 562B.14, subsection 7, Code 2025, is amended to read as follows:
   7.  If a landlord applies a rent increase to the mobile home space of a current tenant, the percentage increase shall not be greater than three times the percentage increase of the consumer price index for all urban consumers in the midwest region over the previous twelve months or the percentage increase of the property value of the manufactured home community or the mobile home park as determined by the county assessor for the same time period since the last rent increase, whichever is higher.  Each tenant shall be notified, in writing, of any rent increase at least ninety days before the effective date. Such effective date shall not be sooner than the expiration date of the original rental agreement or any renewal or extension thereof.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill limits the amount a landlord can increase rent on current tenants under residential landlord and tenant agreements and in manufactured home communities or mobile home parks. The bill provides that if a landlord applies a rent increase to the dwelling unit or mobile home space of a current tenant, the percentage increase shall not be greater than either three times the percentage increase of the consumer price index for all urban consumers in the midwest region over the previous 12 months or the percentage increase of the property value of the premises or the manufactured home community or mobile home park, respectively, as determined by the county assessor for the same period since the last rent increase, whichever is higher.