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Bill would require sellers in resident‑owned manufactured‑housing communities to disclose bylaws, fees and budgets
Summary
Sen. Reardon introduced SB 166, modeled on condominium disclosure rules, to require sellers in resident‑owned manufactured‑home communities to provide prospective buyers with community bylaws, fee schedules and financial statements. Realtors and town officials supported the transparency measure in committee testimony.
Senator Tara Reardon introduced SB 166 to require that sellers of manufactured homes in resident‑owned communities provide prospective buyers with notice of the buyer's right to obtain the community's bylaws, fee schedules, and financial statements prior to sale. Reardon described resident‑owned communities as cooperatives where homeowners own their units but not underlying land and…
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