Acknowledge state law limiting floating home berth rent increases to 5% annually
In Plain English
California passed AB 252 in September 2022 to protect floating home owners from excessive rent increases on their berths. The law caps annual rent increases at 3% plus cost of living or 5%, whichever is lower. Richmond has 10 floating homes at Point San Pablo Harbor that benefit from these new protections.
Auto-generated summary. Source: official agenda documents.
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