8.1. SR 01-21-1997 - Laserfiche WebLink

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295 MANUFACTURED HOME PARK LOT RENTAI~ 327C.095 owner shall provide a resident of each manufactured home with a 45-day written notice of the purchaser's intent to close the park or convert it to another use. The notice must state that the park owner will provide information on the cash price and the terms and conditions of the purchaser's offer to residents requesting the information. The notice must be sent by first class mail to a resident of each manufactured home in the park. The notice period begins on the postmark date affixed to the notice and ends 4 5 days after it begins. During the notice period required in this subdivision, the owners of at least 51 percent of the manufactured homes in the park or a nonprofit organization which has the written permission of the owners of at least 51 percent of the manufac- iured homes in the park to represent them in the acquisition of the park shall have the fight to meet the cash price and execute an agreement to purchase the park for the pur- poses ofkeeping the park as a manufactured housing community. The park owner must accept the offer if it meets the cash price and the same te~ns and conditions set forth in the purchaser's offer except that the seller is not obligated to provide owner financ- ing. For purposes of this section, cash price means the cash price offer or equivalent 'cash offer as defined in section 500.24, subdivision 6, paragraph (d). Subd. 7. Intent to convert use of park after purchase. If the purchaser ora manufac- tured home park decides to convert the park to another use within one year after the purchase of the park, the purchaser must offer the park for purchase by the residents of the park. For purposes of this subdivision, the date of purchase is the date of the transfer of the title to the purchaser. The purchaser must provide a resident of each manufactured home with a written notice of the intent to close the park and all of the :!; i',~i.!'-owners of at least 51 percent of the manufactured homes in the park or a nonprofit orga- ~!~-hization which has the written permission of the owners of at least 51 percent of the $~?:' 'manufactured homes in the park to represent them in the acquisition of the park shall have 45 days to execute an agreement for the purchase of the park at a cash price equal to the original purchase price paid by the purchaser plus any documented expenses relating to the acquisition and improvement of the park propemy, together with any : increase in value due to appreciation of the park. The purchaser must execute the pur- '~ chase agreement at the phce specified in this subdivision and pay the cash price within :.~?::~); 90 days of the date of the purchase agreement. The notice must be sent by first class ~ 'mail to a resident of each manufactured home in the park. The notice period begins ~ ;on the postmark date affixed to the notice and ends 45 days after it begins. ~? .... Subd. 8. Required filing of notice. Subdivisions 6 and 7 apply to manufactured ~?~:'~}.:;:/home parks upon which notice has been filed with the county recorder or registrar of titles in the county where the manufactured home park is located. Any person may file the notice required under this subdivision with the county recorder or registrar of titles. e notice must be in the following fo~: ..:~::~..~: "MANUFACTURED HOME PARK NOTICE ~'~2~. THIS PROPERTY IS USED AS A MANUFA~URED HOME PARK .~? ~ :-. .................................................................................................................... :,~Z~.~E~: . PARK O~ER .................................................................................................................... ??:j~k~:~),i,.~ ;¢ . ., .................................................................................................................. ........ LEGAL DESCRIPTION OF PARK ' ................................................................................................................... ,.: .... COOPE~TIVE ASSOCIATION (IF APPLICABLE)~ ~'... Subd. 9. Effect of noncompliance. If a manuhctured home park is finally sold or g': ....... V :~ convened to another use ~n vmlatmn of subd~v~smn 6 or 7, the residents do not ba e ~:~? any continuing right to purchase the park as a result of that sale or conversion. A viola- ?~}~}?~: tion of subdivision 6 or 7 is subject to section 8.31, except that relief shall be limited so that questions of marketability of litle shall not be affected. ~:35'~27i;?~(;: ,.?.: Subd. 10. Exclusion. Subdivisions 6 and 7 do not apply to: