Committee Bill No. 5428 proposes significant amendments to the laws governing mobile manufactured home parks, focusing on enhancing transparency and protecting residents' rights. Key insertions include new definitions such as "ancillary fee" and "consumer price index," which will aid in economic assessments. The bill mandates that park owners provide prospective residents with a detailed disclosure statement outlining their rights, obligations, and rental terms, and it establishes that no rental agreement can be enforced without meeting these disclosure requirements. Additionally, the bill repeals and replaces Section 21-70, empowering the Commissioner of Consumer Protection to create regulations for these disclosure statements and ensuring they are clear and comprehensive.

The bill also introduces new requirements for rental agreements, including a minimum one-year term and written notice for lease terminations. It outlines the process for park owners intending to discontinue use or sell the land, requiring a 120-day notice to residents and allowing associations representing at least 25% of units to negotiate a purchase. Furthermore, it establishes a tiered compensation system for residents who must relocate due to land use changes and modifies the compensation structure for such relocations. Other provisions include stricter regulations on rental agreements, limits on security deposits and ancillary fees, and enhanced inspection and compliance requirements. Overall, the bill aims to improve tenant protections, ensure fair treatment in rental agreements, and maintain safety standards in mobile home parks.

Statutes affected:
Committee Bill: 21-64, 21-70, 21-70a, 21-71, 21-83
GL Joint Favorable: 21-64, 21-70, 21-70a, 21-71, 21-83
File No. 587: 21-64, 21-70, 21-70a, 21-71, 21-83
APP Joint Favorable: 21-64, 21-70, 21-70a, 21-71, 21-83