CO HB1224

HB26-1224: Financial Protections for Mobile Home Park Residents

• Landlords must notify residents within 14 days when a temporary rent increase prohibition is in effect, explaining the reason for the prohibition in writing

• When selling a mobile home park, landlords must disclose detailed financial and infrastructure information to residents, including aggregate rental data, rent projections, recent appraisals, age of major infrastructure (water/sewer lines, electrical), and maintenance records from the previous 3 years

• Portfolio sales must disclose any price discounts, and those same proportionate discounts must be offered to home owner groups seeking to purchase just the mobile home park

• Landlords must respond to information requests from home owner groups within 7 calendar days and provide at least a 90-day due diligence period within the 120-day closing window

• Registration fees charged to residents are capped at $17 or half the total fee, whichever is less, and mobile home park sales must be conducted as arms-length transactions in good faith without collusion to inflate prices