Minnesota Senate Bill SF1907

Minnesota 2023-2024 Regular Session

• Introduced: 2/20/23
• Refer: 2/20/23
• Refer: 3/6/23

Caption

Representative acting on behalf of residents definition modification; resident opportunity to purchase manufactured home parks establishment

Impact

The bill makes significant changes to state laws governing the sale and transfer of manufactured home parks, particularly by giving residents the right to be informed of any offers to sell and the opportunity to make their own offers. Park owners are required to provide a written notice of any intent to sell, allowing residents a 60-day period to submit an offer. There are specific provisions to ensure good faith negotiations and protect residents from quick sales without their knowledge, effectively reshaping the interaction between park owners and residents.

Summary

SF1907 aims to modify the definition of a representative acting on behalf of residents within manufactured home parks and establish an opportunity for residents to purchase such parks. The bill requires that a representative, authorized by the signatures of at least 51% of occupied homes in the park, can negotiate the purchase of the park on behalf of the residents. This reform is intended to give residents greater control over the management and ownership of their living spaces, particularly in light of potential sales that could affect their community.

Contention

There may be points of contention regarding how this bill could affect the real estate market. Proponents argue that it enhances tenant rights and community stability, while opponents might raise concerns about the complexities and potential delays in property transactions that could deter investors or complicate real estate dynamics. Additionally, concerns about how this bill intersects with existing regulations and the feasibility for nonprofit organizations to facilitate these transactions could be sources of debate.