Joe Kelly of the Iowa Manufactured Housing Association (IMHA) informs MHProNews the Iowa House of Representatives has passed HF495, affecting 562A, applies to landlords who own the home and land. On properties that rent for under $700/mth, the late fee charge could be no greater than $12 a day, with a maximum of $60/mth. For rent over $700/mth the late fee must be $20 or under per day with a maximum of $100/mth. Under other new provisions, a tenant who deliberately damages landlord’s property can be liable for criminal charges; and a landlord who acts in bad faith may be liable for punitive damages of up to two months rent. For the complete text, click here.

(Photo credit: Wikipedia–Iowa House of Representatives Chambers)