This bill mandates that sellers of manufactured housing units in resident-owned communities (ROCs) must inform prospective buyers of their right to access important community documents before finalizing a sale. Specifically, the bill requires that the seller provide notice regarding the availability of the community's bylaws, fee schedule, and financial statements. The new legal language inserted into the law establishes a new subdivision under RSA 205-A, titled "Resident Owned Community Unit Resale Disclosures," which outlines the specific documents and information that must be made available to prospective buyers.
The bill details a list of disclosures that must be provided to prospective unit owners, including statements on fee payments, anticipated capital expenditures, reserve funds, financial statements, pending legal matters, insurance coverage, and any alterations made to the unit. The principal officer of the ROC owners' association is responsible for furnishing these statements within ten days of a written request from a prospective buyer. The act is set to take effect on January 1, 2026.