Minnesota HF2964 modifies notice requirements for unsolicited manufactured home park sales.

Minnesota HF2964 amends the notice of offer requirements for unsolicited manufactured home park sales. If a park owner receives an unsolicited offer, they must notify the Minnesota Housing Finance Agency and each resident household. The notice must include the offer's price range and terms, and provide a contact method for inquiries. The Minnesota Housing Finance Agency must then distribute the notice to any registered representatives acting on behalf of residents and nonprofits. The park owner is not obligated to sell to the representative or nonprofit, nor to interrupt other negotiations.

Minnesota HF2964 modifies notice requirements for unsolicited manufactured home park sales.

Minnesota HF2964 amends the notice of offer requirements for unsolicited manufactured home park sales. If a park owner receives an unsolicited offer, they must notify the Minnesota Housing Finance Agency and each resident household. The notice must include the offer's price range and terms, and provide a contact method for inquiries. The Minnesota Housing Finance Agency must then distribute the notice to any registered representatives acting on behalf of residents and nonprofits. The park owner is not obligated to sell to the representative or nonprofit, nor to interrupt other negotiations.