Mobilehome parks: resident organizations: option to purchase.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Judiciary
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill aims to give mobilehome park residents the option to purchase their parks when the owner decides to sell. Currently, the law requires the owner to notify resident organizations, but this bill changes the process, requiring at least 240 days’ notice before a final sale and allowing resident organizations to submit their own purchase offers. It also establishes a process for a qualified entity to potentially manage the park if the resident organization assigns its rights.
Key provisions
- Requires management to provide at least 240 days’ notice to residents, public entities, and a resident organization before accepting a sale offer.
- Allows resident organizations to submit a purchase offer within 120 days of receiving a notice of intent to sell.
- Mandates management to consider and negotiate with the resident organization’s offer in good faith.
- If the resident organization’s offer matches the accepted offer, they have the right to purchase the park.
- Authorizes a resident organization to assign its rights to a municipality, housing authority, state agency, or qualified entity.
- Establishes a process for the Department of Housing and Community Development to certify ‘qualified entities’ for park management.
- Provides for civil penalties against management who violate the bill’s provisions.
- Specifies exemptions to the bill’s requirements for certain transactions.
Who is affected
Bill text
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