Effective Date: January 1st 2027
Key points:
- Sale & Purchase Transparency:
- Expands disclosure requirements during mobile home park sales, including financial records, infrastructure details, ownership disclosures, financing information, and purchase agreements.
- Resident Purchase Rights:
- Requires landlords to provide requested sale documents within 7 days and negotiate in good faith with resident groups attempting to purchase the park.
- Tenant & Fee Protections:
- Limits tenancy termination for ordinance violations unless a final government order exists, requires notice when rent increases are temporarily prohibited, and caps registration fees charged to residents.
- Overall Impact:
- Strengthens transparency, resident purchase opportunities, and financial protections for mobile home park residents.
