SB 5319: Mobile home communities/sale

Summary

• Requires landlords of 55-plus manufactured/mobile home communities (MHCs) to provide a written notice of opportunity to purchase the 55-plus MHC to each tenant, the Department of Commerce, and the Housing Finance Commission within three days of receipt of a bona fide offer or 14 days after the 55-plus MHC is listed for sale or lease.
• Requires qualified tenant organizations and eligible organizations be permitted 45 days after receipt of a notice of opportunity to purchase to provide the landlord with a notice of intent to consider purchase or lease of the 55-plus MHC.
• Requires a landlord to wait 120 days after receipt of notice of intent before accepting an offer to purchase or lease the park from a person or entity other than a qualified tenant organization or eligible organization.
• Provides landlords of any MHC a three-year property tax exemption if the landlord provides the MHC tenants with a closure notice between 12 months and three years or offers a right of first refusal to a qualified tenant organization or eligible organization for sale or lease of a 55-plus MHC.

From the Senate Bill Report (SB 5319), written by the Legislature's nonpartisan staff. Read the full report ↗