Land Board says float home rents should stay ‘reasonable’
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The state's top elected officials rejected a proposal Tuesday to eliminate a requirement that float homes on Idaho lakes be charged "reasonable" rents, buoying a relieved contingent of North Idaho float home owners. Instead, the Idaho Land Board voted unanimously to direct the state Department of Lands to enforce the "reasonable" rents rule by writing it into future marina leases; ask the Legislature to re-examine the state law that governs float homes to make it more fair as far as rental rates; and conduct an economic analysis of the whole issue. "Everybody wants to do the right thing," Gov. Butch Otter said after he and the rest of the Land Board wrestled with the issue for nearly two hours. "I don't want to hurt the person that bought, that recapitalized the land. But on the other hand, we don't want to abandon and leave (float home owners) victim to whatever economic mischief may be in the offing." Read the full story here in The Spokesman-Review.