Establishes limit on rent increase for tenants residing in modular or manufactured homes.

This bill limits annual rent increases for tenants living in modular or manufactured homes to 2.5% over any 12-month period. It directly affects tenants in these specific housing types who rent their primary residence, as defined by the bill. Landlords violating the 2.5% cap must revert to the previous rent amount for the lease term and face penalties including $500 for first offenses. The law applies alongside existing "unconscionable rent" protections and does not cover affordable housing units or non-residential properties. It takes effect three months after enactment for new tenancies.