CO SB098

Requires park owners to provide 30 days to 1 year written notice to homeowners' associations or cooperatives before listing or offering to sell a mobile home park, allowing resident organizations to make purchase offers during the notice period.

Permits written rental agreements to include clauses encouraging mediation or alternative dispute resolution for controversies between management and home owners, except for nonpayment of rent or imminent health/safety dangers.

Provides income tax subtraction for sellers of mobile home parks to counties, municipalities, housing authorities, nonprofit corporations, homeowners' associations, or cooperatives: 100% of gain for parks with 50 or fewer lots; 50% for parks with more than 50 lots (effective January 1, 2018).

Requires counties and municipalities to encourage preservation of existing mobile home parks and development of new manufactured home parks in their master plans, including parks owned by residents, and to mitigate hazards when parks are located in hazardous areas.

Clarifies that provisions do not create a right of first refusal and that park owners may reject offers and negotiate with third parties, but must negotiate in good faith with resident associations.