VA HB375

Grants manufactured home park residents and localities a right of first refusal when a park owner enters a sales contract, requiring the owner to notify tenants and the locality within five business days of the contract terms and purchase price.

Resident entities (representing more than 50% of tenant households) have 15 days to express intent to exercise the right of first refusal, followed by an additional 15 days for the locality if residents decline.

Requires the resident entity or locality to submit a purchase agreement with the same price and substantially equivalent terms within 60 days, with a commitment to preserve the property as a manufactured home park for at least 15 years.

Mandates park owners provide annual written notice to tenants of their purchase rights and post notices in prominent locations throughout the park.

Allows tenants to seek injunctive relief and damages (including statutory damages equal to 12 months' lot rent plus attorney fees) if park owners fail to comply with notice and negotiation requirements.