Mobile Home Park: Purchase Opp/limit Rent

The bill amends the Manufactured Home Property Act to enhance the rights of resident homeowner groups in mobile home parks. It mandates that mobile home park owners must provide residents with a 90-day notice and purchase opportunity if they intend to sell, lease, or transfer the park. Resident homeowner groups can negotiate and propose purchase agreements, and owners must consider these proposals in good faith. The bill also limits annual rent increases to no more than five percent and outlines enforcement mechanisms, including potential liability for non-compliance.

Mobile Home Park: Purchase Opp/limit Rent

The bill amends the Manufactured Home Property Act to enhance the rights of resident homeowner groups in mobile home parks. It mandates that mobile home park owners must provide residents with a 90-day notice and purchase opportunity if they intend to sell, lease, or transfer the park. Resident homeowner groups can negotiate and propose purchase agreements, and owners must consider these proposals in good faith. The bill also limits annual rent increases to no more than five percent and outlines enforcement mechanisms, including potential liability for non-compliance.