Thanks for the reply. Oh, I’d definitely dig deeper than the forum if considering a park in DE, just wanted to hear any thoughts on this law or similar laws in other places. Here’s section C:
© One or more of the following factors may justify the increase of rent in an amount greater than the CPI-U:
(1) The completion and cost of any capital improvements or rehabilitation work in the manufactured home community, as distinguished from ordinary repair, replacement and maintenance;
(2) Changes in property taxes or other taxes within the manufactured home community;
(3) Changes in utility charges within the manufactured home community;
(4) Changes in insurance costs and financing associated with the manufactured home community;
(5) Changes in reasonable operating and maintenance expenses relating to the manufactured home community including, but not limited to: costs for water service; sewer service; septic service; water disposal; trash collection; and employees;
(6) The need for repairs caused by circumstances other than ordinary wear and tear in the manufactured home community.
(7) Market rent. — For purposes of this section, "market rent’’ means that rent which would result from market forces absent an unequal bargaining position between the community owner and the home owners. In determining market rent relevant considerations include rents charged to recent new home owners entering the subject manufactured home community and/or by comparable manufactured home communities. To be comparable, a manufactured home community must be within the competitive area and must offer similar facilities, services, amenities and management.
(8) The amount of rental assistance provided by the community owner to the home owners under § 7021A of this title.
So, it does sound like new entrants can be charged a higher rent (good), but you’re at the mercy of the govt for increases above CPI-U, which seems laughably low.