This bill seeks to enhance protections for residents of manufactured home parks in Minnesota by implementing several key modifications related to rent, utility charges, and the sale of parks. Notable changes include a requirement for park owners to provide written receipts for cash payments, the establishment of itemized billing for utility services, and a mandate to address unsafe trees within a specified timeframe. Additionally, park owners must now provide 60 days' written notice before any rent increase, including the reason for the increase, and are limited to one rent increase per year, with increases exceeding three percent presumed unreasonable unless justified. The bill also introduces regulations for digital payment platforms, ensuring residents have alternative payment options and prohibiting adverse actions if these systems are unavailable.

Moreover, the bill amends existing laws regarding the sale and purchase of manufactured home parks, allowing park owners to designate financial information as confidential while requiring collaboration with resident representatives on access to this information. It establishes a formal process for residents to submit written offers to purchase the park, mandates good faith negotiations from park owners, and requires written explanations for any rejected offers. The bill also ensures a reasonable due diligence period for residents to secure financing and prohibits rejection of purchase agreements based solely on financing contingencies. Additional provisions include the recording of notices related to purchase offers, good faith obligations for transactions, and penalties for park owners who violate the new regulations, while repealing a previous statute concerning the notice of sale for manufactured home parks.

Statutes affected:
Introduction: 327C.096, 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15
1st Engrossment: 327C.096, 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15
2nd Engrossment: 327C.096, 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15
3rd Engrossment: 327C.096, 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.15
4th Engrossment: 327C.015, 327C.03, 327C.04, 327C.06, 327C.097, 327C.11, 327C.15, 327C.096