Arundel park residents form co-op; town later adopts lot rent stabilization
In Arundel, Maine, Shady Oaks residents began forming a co-op as the Select Board drafted lot rent rules expected on the June ballot.
Key facts
- Shady Oaks Mobile Home Park in Arundel is owned by Onyx Capital, a private equity group based in El Segundo, California.
- Residents had been told of lot rent increases of up to $130 more a month.
- Under the draft ordinance, owners could raise rent only once a year, would use a set formula to work out any increase and would have to give 90 or more days' notice.
- During a March 23 meeting, Select Board members said they would add language capping rent increases on an empty lot at 10%.
- Arundel voters approved the ordinance at the June 10 town meeting. It took effect on passage and caps increases at the CPI-Northeast change plus 1%, once a year (Spectrum News, June 16).
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Read the original at The Portland Press Herald (opens in a new tab)
Source: Arundel mobile home owners forming co-op as Select Board weighs rent stabilization — The Portland Press Herald, April 1, 2026. Summary and commentary by RISE Community; read the full story at the source.
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