Raised Bill No. 5345, introduced in the February Session of 2024, pertains to mobile manufactured homes and proposes changes to the general statutes effective October 1, 2024. The bill seeks to redefine terms related to mobile manufactured homes and their associated parks, spaces, and agreements. It includes the insertion of the phrase "and section 2 of this act" to clarify the applicability of definitions, and it replaces the word "it" with "such unit" for clarity in the description of a mobile manufactured home. Additionally, the bill introduces a new section that outlines the conditions under which a park owner must amend a rental agreement with a mobile manufactured home owner or purchaser, particularly in the context of securing a mortgage loan.

The new section stipulates that for rental agreements executed on or after October 1, 2024, upon request by the mobile manufactured home owner or purchaser, the park owner must amend the agreement to include a minimum ten-year term extension beyond the mortgage maturity date, provide notice and cure rights to the mortgagee in case of default, and allow the mortgagee to assume the leasehold interest through foreclosure or assignment. The park owner may collect up to nine months of overdue rent from the mortgagee after foreclosure, but this does not preclude the park owner from seeking any outstanding rent beyond that amount from the original mobile manufactured home owner or purchaser. The purpose of the bill is to require park owners to amend rental agreements under certain conditions to facilitate the financing of mobile manufactured homes.