SB 5482 - DIGEST

 

                (SUBSTITUTED FOR - SEE 1ST SUB)

 

     Encourages and facilitates the conversion of mobile home parks to resident ownership in the event of a voluntary sale of the park.

     Establishes notice requirements for an owner intending to sell the park.

     Authorizes the department of community development to make loans to resident organizations for the purpose of financing mobile home park conversion costs.

     Establishes requirements for the granting of a loan.

     Revises tenancy agreement provisions and eviction procedures.

     Provides that a waiver of rights in a rental agreement is not permitted.