§ 4.01.100. No automatic increase upon sale or transfer.

A.

There shall be no increase in the space rent upon the sale or transfer of title to a mobile home dwelling unit in place, except upon reaching the anniversary date of the last space rent increase and after full compliance with this chapter's provisions.

B.

No upward adjustment of rents shall be authorized by reason of increased interest or the expense resulting from the mobile home park owner refinancing the mobile home park if, at the time the owner refinanced, the owner could reasonably have foreseen that such increased expenses could not be covered by the rent schedule in existence except where such refinancing is reasonable and is needed for the owner to make capital improvements.

C.

No upward adjustment of rents shall be authorized by the commission because of the owner's increased or other expenses resulting from a sale of the park if, at the time the owner acquired the park, the owner could have reasonably foreseen that such increased expenses would not be covered by the rent schedule then in effect. This section shall only apply to mobile home parks acquired after the date of adoption of this chapter.

(Ord. 1216 (part), 1994)