SB 930

This bill requires the owner of a mobile or manufactured home community

(community) to provide notice to tenants in the community before selling it or

changing its use and gives tenants the right to purchase the community under those

circumstances.

Under the bill, a community owner must give written notice at least 12 months

before closing the community or changing the use of the community. A community

owner must also give written notice if the owner lists the community for sale, receives

an offer to purchase the community, or is served with a foreclosure complaint for the

community. Notice must be provided to all adults who occupy a mobile or

manufactured home within the community (resident). The notice must also be

posted in a conspicuous public place within the community and must include a

description of residents' rights, as described in the bill, and pertinent sale

information, such as the price and terms of any offer received by the community

owner.

Under the bill, after providing the required notice, the community owner must

provide residents 90 days to make an offer to purchase the community and secure

financing. If residents make an offer to purchase and secure financing, the

community owner must provide residents an additional 90 days to close on the

purchase of the community.

The bill requires a community owner to negotiate with residents in good faith

for a purchase agreement and to allow residents a commercially reasonable due

diligence period and access to information necessary to make an informed decision

regarding the purchase. The bill also allows residents to assign their right to

purchase the community to a local or state government, tribal government, state

agency, housing authority, or nonprofit organization with housing expertise for the

purpose of continuing the use of the community.

Under the bill, a community owner is not required to provide notice, and no

right to purchase arises, if the owner sells, transfers, or conveys the community in

good faith to certain persons, including a spouse, certain family members, a joint

tenant, or a business controlled by the owner.