Illinois General Assembly - Bill Status for HB5377

Amends the Mobile Home Landlord and Tenant Rights Act. Provides a refund procedure for a lease or purchase agreement that a prospective tenant cancels within 5 days after signing the lease or purchase agreement. Provides that a landlord is limited to 2 months rent for a tenant's early termination of the lease. Provides that if a tenant leaves the park because of temporary illness or disability, the park owner shall allow relatives designated by the tenant or the tenant's guardian to live in the home. Provides for automatic lease renewal for 2 years unless certain requirements are met, such as a 30-day notice and a notice of reasons for the non-renewal of the lease. Provides that the park owner is to give 12 months notice of closing all or part of the park. Provides for the park owner and tenant or tenant association to use a State certified general real estate appraiser, selected by the parties or the court, to prepare an appraisal to determine the appropriate amount for rent and fees. Provides that the appraisal is subject to court review. Makes other changes.

Deletes everything after the enacting clause. Amends the Mobile Home Landlord and Tenant Rights Act. Provides that when a mobile home park is owned by an entity that is publicly traded, listed on the New York Stock Exchange or American Stock Exchange, listed on the system operated by the National Association of Securities Dealers, or is held or owned by an entity that is described by those criteria, the following conditions apply: 1) a refund procedure for a lease or purchase agreement that a prospective tenant cancels within 5 days after signing the lease or purchase agreement; 2) a landlord is limited to the amount of 2 months rent for a tenant's early termination of the lease; 3) if a tenant leaves the park because of a temporary illness or disability, the park owner shall allow relatives designated by the tenant or the tenant's guardian to live in the home; 4) automatic lease renewal for 2 years unless certain requirements are met, such as a 30-day notice and a notice of reasons for the non-renewal of the lease; 5) the park owner is to give 12 months notice of a decision to close all or part of the park; 6) when the amount of rent is disputed, the park owner and tenant or tenant association shall use a State certified general real estate appraiser, selected by the parties or the court, to prepare an appraisal to determine the appropriate amount for rent and fees; and 7) the appraisal is subject to court review.

Deletes everything after the enacting clause. Amends the Mobile Home Landlord and Tenant Rights Act. Provides that when a mobile home park is owned by an entity that is publicly traded on any national stock or securities exchange, then the following conditions apply: 1) a refund procedure for a lease or purchase agreement that a prospective tenant cancels within 5 days after signing the lease or purchase agreement; 2) a landlord is limited to the amount of 2 months rent for a tenant's early termination of the lease; 3) if a tenant leaves the park because of a temporary illness or disability, the park owner shall allow relatives designated by the tenant or the tenant's guardian to live in the home; 4) automatic lease renewal for 2 years unless certain requirements are met, such as a 30-day notice and a notice of reasons for the non-renewal of the lease; 5) the park owner is to give 12 months notice of a decision to close all or part of the park; 6) when the amount of rent is disputed, the park owner and tenant or tenant association shall use a State certified general real estate appraiser, selected by the parties or the court, to prepare an appraisal to determine the appropriate amount for rent and fees; and 7) the appraisal is subject to court review.

×