An Act to repeal 101.935 (2) (e); to amend 101.935 (2) (a) and 101.935 (2m) (a) (intro.); to create 71.05 (6) (b) 57., 71.26 (2) (a) 13., 71.45 (2) (a) 25., 101.935 (2n), 710.15 (1) (ah), 710.15 (1) (cm), 710.15 (2n), 710.15 (7), 710.15 (8), 710.15 (9) and 710.15 (10) of the statutes; Relating to: residentsâ right to purchase and regulations regarding a mobile or manufactured home community, low-interest loans and tax incentives for owners of mobile or manufactured home communities, and providing a penalty. (FE)
Impact
The bill aims to reduce the risk of sudden displacements by requiring transparent communication between community owners and residents. Furthermore, it includes provisions that prevent owners from unilaterally terminating occupancy, thereby enhancing housing stability. The regulations surrounding foreclosure procedures also aim to give residents a better opportunity to respond proactively to any potential business transitions occurring within their living environment. These changes could reshape the dynamics of mobile home community investments across the state.
Summary
SB1027 establishes significant protections and rights for residents of mobile or manufactured home communities regarding their ability to purchase the community they reside in. Under the bill, community owners are required to provide written notice to residents at least 12 months before closing or changing the usage of the community. Residents will then have a designated period to make a purchase offer and secure financing. This aligns with a growing trend to enhance tenant rights and empower residents to have a stake in their housing situations.
Contention
Although SB1027 provides significant advantages to residents, it may face pushback from community owners due to the increased obligations and financial disclosures they must undertake. Owners may be concerned about the potential limitations on their ability to respond flexibly to market conditions, such as restrictions on rent increases and mandates for community maintenance. Additionally, the requirement to develop disaster evacuation plans may be met with hesitance due to potential additional costs. Overall, while the intent of the bill is to protect residents, the balance of regulation between tenant rights and owner protections will be a key point of debate.
Crossfiled
An Act to repeal 101.935 (2) (e); to amend 101.935 (2) (a) and 101.935 (2m) (a) (intro.); to create 71.05 (6) (b) 57., 71.26 (2) (a) 13., 71.45 (2) (a) 25., 101.935 (2n), 710.15 (1) (ah), 710.15 (1) (cm), 710.15 (2n), 710.15 (7), 710.15 (8), 710.15 (9) and 710.15 (10) of the statutes; Relating to: residentsâ right to purchase and regulations regarding a mobile or manufactured home community, low-interest loans and tax incentives for owners of mobile or manufactured home communities, and providing a penalty. (FE)