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10 V.S.A. § 6251

Citation
10 V.S.A. § 6251 (b)
Parent Document
10 V.S.A. § 6251
Jurisdiction
Vermont (state)

Full Text

783 chars
(b) If the mobile home park owner requests a lot rent increase that includes a surcharge
 for any capital improvements, which, for the purposes of this section, include replacement
 or repair of any major infrastructure systems that exceed $2,500.00, the mobile home
 park owner shall submit to the Commissioner an affidavit stating the estimated costs
 of the improvements, the expected date of completion of the improvements, and the
 time frame required for the surcharge to provide for recovery of the cost of the improvements.
 The lot rent surcharge shall terminate when the park owner has recovered the cost
 of the capital improvements. A lot rent surcharge for capital improvements shall be
 implemented to minimize the financial burden on the mobile home park leaseholders.