This article shall be known and may be cited as the "Mobile Home Park
Rent Control Bylaw."
[Amended 5-2-2005 ATM, Art. 11, approved 8-4-2005]
There is hereby established a Mobile Home Park Rent Control Board consisting
of three members appointed by the Board of Selectmen. The members in the first
instance shall be appointed for terms of one, two, and three years. Any member
subsequently appointed to the Board shall serve for a term of three years.
The standards for adjusting rents are as follows:
A. The Board may make individual or general adjustments,
either upward or downward, as may be necessary to assure that rents for mobile
home park accommodations are established on levels which yield to owners a
fair net operating income for such units.
(1) Fair net operating income shall be that income which
will yield a return, after all reasonable operating expenses, on the fair
market value of the property, equal to the debt service rate generally available
from institutional first mortgage lenders or other such rates of return as
the Board, on the basis of evidence presented before it, deems more appropriate
to the circumstances of the case.
(2) Fair market value shall be assessed valuation of the
property or such other valuation as the Board, on the basis of evidence presented
before it, deems more appropriate to the circumstances of the case.
B. The Board may establish further standards and rules consistent
with the foregoing.
The Board may regulate evictions of tenants at mobile home parks and
may issue orders which shall be defense to an action of summary process for
possession.
Violations of this article or any order of the Board shall be punishable
by a fine of not more than $1,000 for any one offense.