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1/14/2019 <br />1) Amend Rent Review Program and Tenant Relocation Assistance Ordinances to <br />include space rents of Mobilehome unit owners <br />2) Create new Mobilehome Space Rent Regulation Ordinance <br />*Staff recommends Option 2 because mobilehome parks are unique from multifamily rental <br />buildings and residents have faced greater displacement and financial vulnerabilities in recent <br />years <br />■ Establish an efficient method of reviewing certain mobilehome space rent increases in <br />Mobilehome Parks <br />■ Protect mobilehome owners from arbitrary, capricious or unreasonable rent adjustments <br />■ Ensure that mobilehome park owners and/or operators and investors receive a fair and <br />reasonable return on their investment in their parks <br />Note: Both mobilehome owners and park owners often make substantial investments in their <br />properties to make an investment return. Therefore, mobilehome owners differ from apartment renters. <br />n <br />5 <br />