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.

Summary

The bill caps any increase in rent for existing tenants—both in traditional apartments and in manufactured home spaces—at the larger of the Midwest CPI change or the assessed property value rise since the last increase. Landlords must give tenants written notice at least ninety days before the new rent takes effect.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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