The bill amends Minnesota Statutes 2024, section 327C.03, subdivision 3, to establish a cap on late fees for delinquent rent payments in manufactured housing parks. Specifically, it stipulates that while park owners may charge a reasonable fee for late rent as outlined in the rental agreement, this fee cannot exceed eight percent of the delinquent rent payment. This change aims to provide financial relief to residents by limiting the potential burden of late fees.

Additionally, the bill maintains existing provisions that prohibit park owners from charging fees based on various factors such as the number of residents, the size of the home, or the presence of guests. It also allows for a nominal fee for pets, capped at $4 per pet per month, and does not restrict park owners from offering rent abatements for residents with special needs. Overall, the bill seeks to create a more equitable rental environment in manufactured housing communities.

Statutes affected:
Introduction: 327C.03