The Manufactured Home Park Protection Act is designed to enhance the purchasing rights of resident homeowners in manufactured home parks, specifically private residential leasehold communities (PRLCs). The bill introduces key definitions such as "Department," "Family member," "Landowner," "Resident homeowner," and "Resident homeowner group," which clarify the relationships within these communities. It establishes that a PRLC consists of at least 10 home sites under common ownership and outlines the responsibilities of landowners when selling the land. Landowners are required to notify the Department of Community Affairs and resident homeowners of their intent to sell, and resident homeowners can form groups to negotiate the purchase, needing at least 51 percent consent to proceed. The time frame for executing a purchase contract is extended from 45 to 120 days, and financing contingencies are included.

Furthermore, the bill allows resident homeowner groups to assign their rights to municipalities or nonprofit organizations to preserve the community as a manufactured home park. It also provides legal recourse for homeowners or the Attorney General in cases of violations, categorizing such violations as unlawful practices under New Jersey's consumer fraud act. The legislation repeals certain sections of existing law related to unit owner associations and replaces them with provisions focused on resident homeowners or homeowner groups, streamlining the process for community purchase and management.

Statutes affected:
Introduced: 46:8C-10, 46:8C-11, 46:8C-12, 46:8C-13, 46:8C-14, 45:22A-25