Establishes rules for lease-hold retirement communities, offering residents long-term leases and protecting their rights to sell homes.

This bill sets up rules and regulations for lease-hold retirement communities to ensure adequate housing for senior citizens. It grants homeowners the right to sell their homes using standard residential property sales methods and requires community owners to offer a long-term ninety-nine-year lease option. The bill also mandates that community owners provide clear and uniform rules and prohibits them from unreasonably withholding approval of tenants or restricting access to the community.

Establishes rules for lease-hold retirement communities, offering residents long-term leases and protecting their rights to sell homes.

This bill sets up rules and regulations for lease-hold retirement communities to ensure adequate housing for senior citizens. It grants homeowners the right to sell their homes using standard residential property sales methods and requires community owners to offer a long-term ninety-nine-year lease option. The bill also mandates that community owners provide clear and uniform rules and prohibits them from unreasonably withholding approval of tenants or restricting access to the community.