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CA AB2539
Bill
Status
2/13/2024
Primary Sponsor
Damon Connolly
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AI Summary
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Requires mobilehome park owners to provide written notice to resident organizations, all residents, and the Department of Housing and Community Development 120 days to one year before entering into a listing agreement, offering to sell, or accepting an offer to sell the park.
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Grants resident organizations a right of first refusal to purchase the mobilehome park, with 120 days from receiving notice to make an offer.
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Requires park owners to engage in good faith negotiations with resident organizations, including providing a written response within 7 days of receiving an offer that states reasons for rejection and required terms, and prohibits negotiating with other parties during the 120-day period.
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Defines "good faith negotiations" as evaluating offers without considering closing timelines, financing methods, or contingencies based on financing, appraisal, or title work.
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Exempts certain transfers including family transfers, gifts, transfers between affiliates or partners, foreclosures, transfers between joint tenants, and government purchases by eminent domain.
Legislative Description
Mobilehome parks: sale: notice: right of first refusal.
Last Action
In committee: Held under submission.
5/16/2024