Automatic annual rental increases.

Riverside Municipal Code § 5.75.100

in effect

5.75.100 - Automatic annual rental increases. Commencing on January 1, 2026 and on or after January 1 of each year thereafter, the annual rent may be increased by an amount over the existing annual rent by an amount which does not exceed 80 percent of the percentage increase in the CPI for the 12-month period ending July 31 of the prior year provided, however, that the annual automatic increase shall be no more than four percent of the base rent and may be at least two percent of the base rent charged prior to the increase. The percentage amount of said increase shall be rounded to the nearest one-quarter of one percent. No rent increase shall be subject to the provisions of this chapter that meet the following specific criteria: A. A rental increase which compensates the mobile home park owner for increases in property taxes or other government mandated costs provided such increases shall be limited to those increases in excess of two percent per annum. B. A rental increase resulting from a pre-existing capital improvement constructed prior to January 1, 2026, to the mobile home park as such cost is declared and reported by the mobile home park owner for federal income tax purposes together with all interest expenses, points and other costs and charges which the mobile home park owner may incur in connection with the costs of such capital improvement; provided, however, that before the commencement of the construction of capital improvement related to new amenities, the prior approval of a majority of the mobile home spaces of the mobile home park must be obtained. Prior approval of capital improvements to existing facilities need not be obtained from the mobile home owners; provided, however, a park committee and/or the mobile home owners shall have been notified prior to the commencement of such improvements which notice shall specify the reasons and the estimated costs therefore. The interest rate for capital improvements shall be interest and shall not exceed the prime rate plus two percent. No other financing costs shall be passed on. The prime rate shall be as established by the Bank of America and shall be the average rate for three months preceding the awarding of the contract for the capital improvements. The cost shall be divided by the number of years of its useful life, as such life is reported for federal income tax depreciation purposes; and the cost as thus divided shall be allocated to an equal number of adjustment periods divided equally by the total number of mobile home spaces in the park, and commencing with the adjustment period following that in which the capital improvement was completed. Capital improvements shall be a separate item on the billing and the date of amortization shall be provided. C. Any fee provided in state law for inspection of mobile home parks and authorized to be assessed against mobile home owners by a mobile home park owner. D. A rental increase that occurs upon the sale of a mobile home or if the space is vacant. E. Notice of allowable annual rent increase shall occur as follows: 1. Notice by City Manager. The allowable annual rent increase shall be annually calculated by the City Manager or designee and posted by August 31 of each year in City Hall and on the City's website. The City Manager shall also mail such notice to each mobile home park owner. 2. Notice in mobile home parks. A copy of such notice shall be posted in a prominent place by each mobile home park owner in each mobile home park within three business days after it is received by the mobile home park owner. F. Rent increases permitted pursuant to this section shall not be effective and shall not be demanded, accepted, or retained until the mobile home park owner has given the notice required by state law (Civil Code section 798.15, as may be amended from time to time). (Ord. 7702, § 1(Exh. A), 2025)

Source: City of Riverside, California, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT5BU_CH5.75MOHOPARESTPR_5.75.100AUANREINFetched: 11/1/2026