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CT SB00988

Bill

Status

Passed

6/27/2023

Primary Sponsor

Housing Committee

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Park owners intending to sell, lease, or transfer a mobile manufactured home park must provide written notice to all residents by certified mail, first class mail with tracking, and personal delivery at least 45 days in advance (60 days for sales before October 1, 2025), including the sale price, terms, and conditions.

  • Resident associations representing more than 50% of occupied units have 45 days (60 days before October 1, 2025) to express interest in purchasing the park and 180 days from notice to complete the purchase, with assistance available from the Department of Housing and Connecticut Housing Finance Authority.

  • If an association matches an existing bona fide offer's price, terms, and conditions, the park owner cannot unreasonably refuse or delay executing a purchase agreement; if no agreement is filed within 90 days, the association's purchase right becomes void.

  • Park owners selling to residents are exempt from state and municipal conveyance taxes; buyer is liable for the municipal portion and 50% of the state portion unless otherwise exempt, with property required to remain a mobile manufactured home park.

  • Exemptions from these requirements include sales to immediate family members, gifts, transfers between partners or members, leases of individual lots, transfers by eminent domain, and sales of parks with fewer than 15 lots.

Legislative Description

An Act Concerning The Purchase Of A Mobile Manufactured Home Park By Its Residents.

Last Action

Signed by the Governor

6/27/2023

Committee Referrals

Finance, Revenue and Bonding4/26/2023
Housing2/9/2023

Full Bill Text

No bill text available