FAIRVIEW TRAILER PARK - Laserfiche WebLink

D. Rent Increases Upon a Transfer of Ownership. 1. Upon a Transfer of Ownership, the Park Owner of the Fairview Trailer Park may increase the Adjusted Monthly Rent for a mobilehome space as follows: During 2008, $750 During 2009, $775 During 2010, $800 During 2011, $825 During 2012, $850 2. If a Park Owner increases rents following a Transfer of Ownership by less than the maximum permitted under subparagraph 1 of this paragraph D, then the Park Owner shall have the right in the following year or years to increase the rents by the difference between the maximum permitted rent increase under subparagraph 1 of this paragraph and the actual rent increase actually imposed. 3. Except as provided in subparagraph 2 of this paragraph D, any rent increase pursuant to subparagraph 1 of this paragraph D shall be imposed immediately upon a Transfer of Ownership. V. LONG TERM LEASES A. Long-term Lease. The Park Owner may offer to any Resident or to any prospective Resident a Long-term Lease or other agreement under Civil Code, Section 798.17 (c). If the Park Owner offers to a Resident or prospective Resident a Long-term Lease or other agreement, the Park Owner shall provide the Resident or prospective Resident a copy of this Agreement and inform the Resident or prospective Resident that this Agreement determines how space rents will be calculated in the absence of a Long term Lease or other agreement. If a long term lease or other agreement is offered to a prospective Resident, the prospective Resident shall have thirty days from the date the Lease/agreement is first offered to review the Lease/agreement and this Agreement and to accept or reject the Lease/agreement. The prospective Resident shall have the right to rescind the Lease/agreement after signing it by notifying the Park Owner in writing within 72 hours of the execution of the Lease/agreement. It shall be a breach of this Agreement for the Park Owner to coerce or directly or indirectly influence a Resident or prospective Resident to enter into a Long-term Lease or other agreement under Civil Code, Section 798.17 (c). B. Form of Lease. Long-term Leases shall be tailored to meet the needs of the Park Owner but shall be in substantially the form attached hereto as Exhibit"C" entitled "Mobilehome Park Lease." The City Attorney's office shall approve the form of any Long-term Lease to be offered to a Resident. It shall be a breach of this Agreement for any form of Long- term Lease to be offered to a Resident which has not been approved by the City Attorney's office. 5