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CA AB2539

Bill

Status

Introduced

2/13/2024

Primary Sponsor

Damon Connolly

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • 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.

  • Grants resident organizations a right of first refusal to purchase the mobilehome park, with 120 days from receiving notice to make an offer.

  • 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.

  • Defines "good faith negotiations" as evaluating offers without considering closing timelines, financing methods, or contingencies based on financing, appraisal, or title work.

  • 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

Committee Referrals

Appropriations4/23/2024
Judiciary4/11/2024
Housing and Community Development3/4/2024

Full Bill Text

No bill text available