Acknowledge state law limiting floating home berth rent increases to 5% annually

Floating Home Rent ProtectionProclamation

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.