Loading chat...
CO HB1201
Bill
Status
6/30/2020
Primary Sponsor
Edith Hooton
Click for details
AI Summary
HB 20-1201 Summary
-
Park owners must provide written notice to home owners and local government at least 12 months before changing park use, and 14 days before listing for sale, making a final offer acceptance, or upon foreclosure or tax levy.
-
Home owner groups or associations have 90 days after notice to submit a purchase offer and obtain financing commitment, with landlords required to negotiate in good faith and provide requested information.
-
Purchase opportunity requires approval from at least 51% of home owners in the park and can be assigned to government entities, housing authorities, or nonprofits focused on housing.
-
Exemptions apply to transfers between family members, to controlled business entities, intestate succession, joint tenants, and eminent domain cases, provided transactions are not made in bad faith or to avoid the purchase requirement.
-
Violations can be resolved through the dispute resolution program under Part 11 of the manufactured housing regulations, though administrative courts cannot issue injunctive relief to delay transactions.
Legislative Description
Mobile Home Park Residents Opportunity To Purchase
Business & Economic Development
Last Action
Governor Signed
6/30/2020