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NJ A790
Bill
Status
Passed
1/13/2026
Primary Sponsor
David Bailey
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AI Summary
- Grants resident homeowners in manufactured home parks with 10+ sites a right of first refusal when the landowner offers the property for sale or receives a bona fide purchase offer
- Reduces the threshold for resident approval to purchase from two-thirds to 51 percent of resident homeowners, with multiple owners of a single home sharing one vote
- Extends the timeframe for residents to execute a purchase contract from 45 days to 120 days, with a required financing contingency of at least 90 days
- Requires landowners to notify the Department of Community Affairs, municipal officials, nonprofit housing organizations, and each resident homeowner by certified mail when selling or considering offers
- Establishes confidentiality protections for nonpublic information shared during purchase negotiations, with violations subject to injunctive relief and damages
Legislative Description
"The Manufactured Home Park Protection Act"; expands opportunity to purchase for resident homeowners in certain manufactured home parks; modifies certain requirements for disposition of private residential leasehold communities.
Withdrawn Because Approved
Last Action
Withdrawn Because Approved P.L.2025, c.362.
1/13/2026
Committee Referrals
Housing1/13/2026
Full Bill Text
No bill text available