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 outlines the specific disclosures that must be made available to prospective buyers, including statements on fees, anticipated capital expenditures, reserve funds, insurance coverage, and any pending legal matters involving the unit owners' association.

Additionally, the bill stipulates that the principal officer of the ROC owners' association, or designated officers, must provide these disclosures within ten days of a written request from a prospective unit owner. The effective date for this legislation is set for January 1, 2026. The bill aims to enhance transparency and protect the interests of potential buyers in resident-owned communities by ensuring they have access to critical information before making a purchase decision.