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<section article="grp" article_name="Real Property" number="8A-1803" title_number="8A" title_name="Mobile Home Parks" subtitle_number="18" subtitle_name="Sale of Manufactured Housing Communities">
  <level label="a">
    <text>If a community owner receives an offer to purchase the community, acceptance of that offer shall be conditioned on the purchaser filing an affidavit, recorded in the land records in the county in which the property is located, affirming that:</text>
    <level label="1">
      <text>The purchaser will allow continued use of the land as a manufactured housing community for 5 years after the date the purchase is finalized; and</text>
    </level>
    <level label="2">
      <text>Rent for a lot on the property will not increase by more than 10% per year for the first 3 years after the date the purchase is finalized.</text>
    </level>
  </level>
  <level label="b">
    <text>If the purchaser fails to file an affidavit in accordance with subsection (a) of this section, acceptance by the community owner of the offer to purchase the community shall be conditioned on the community owner:</text>
    <level label="1">
      <text>Providing notice of the terms of the offer or the contract that the community owner has conditionally accepted to:</text>
      <level label="i">
        <text>Each homeowner in the manufactured housing community;</text>
      </level>
      <level label="ii">
        <text>The Department of Housing and Community Development; and</text>
      </level>
      <level label="iii">
        <text>The appropriate housing agency; and</text>
      </level>
    </level>
    <level label="2">
      <text>Providing the homeowners with the opportunity to purchase the manufactured housing community in accordance with § 8A–1804 of this subtitle.</text>
    </level>
  </level>
  <level label="c">
    <text>The notice required under subsection (b) of this section shall:</text>
    <level label="1">
      <text>Be posted in a public area of the manufactured housing community;</text>
    </level>
    <level label="2">
      <text>Be sent by registered or certified mail to the homeowners organization; and</text>
    </level>
    <level label="3">
      <text>Include the following information:</text>
      <level label="i">
        <text>The price and material terms and conditions of the offer that the community owner has conditionally accepted for the sale of the manufactured housing community with copies of any documents evidencing the price and terms and conditions;</text>
      </level>
      <level label="ii">
        <text>A statement indicating that the homeowners, through a homeowners organization, may purchase the manufactured housing community by submitting an offer within 60 days of the mailing date of the notice, containing substantially similar material terms to the offer that the community owner has conditionally accepted; and</text>
      </level>
      <level label="iii">
        <text>The list of organizations and county housing agencies required under § 8A–1804(g) of this subtitle.</text>
      </level>
    </level>
  </level>
  <level label="d">
    <text>The price and terms and conditions stated in the notice to the homeowners must be universal and applicable to all potential buyers and may not be specific to the homeowners or their assignee.</text>
  </level>
  <level label="e">
    <text>Within 10 days after the date on which the community owner provides notice required under this section, the community owner shall make available to the homeowners organization the same information that the community owner provided or would have provided to other prospective purchasers.</text>
  </level>
  <level label="f">
    <text>The community owner is not liable to any party to a real estate transaction for a violation of this section.</text>
  </level>
</section>
