Minnesota SF3165 modifies notice requirements for unsolicited manufactured home park sales.

Minnesota SF3165 amends the notice requirements for unsolicited manufactured home park sales. If a park owner receives an unsolicited offer to sell the park, 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 park owner is not obligated to sell to any party, including those acting on behalf of residents. The Minnesota Housing Finance Agency must distribute the notice to any registered representatives and nonprofits within five days.

Minnesota SF3165 modifies notice requirements for unsolicited manufactured home park sales.

Minnesota SF3165 amends the notice requirements for unsolicited manufactured home park sales. If a park owner receives an unsolicited offer to sell the park, 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 park owner is not obligated to sell to any party, including those acting on behalf of residents. The Minnesota Housing Finance Agency must distribute the notice to any registered representatives and nonprofits within five days.