6.1. SR 02-17-1998 - Laserfiche WebLink

Home Browse Search

297 MANUFACTURED HOME PARK LOT RENTALS 327C.096 documented expenses relating to the acquisition and improvement of the park property, to- gether with any increase in value due to appreciation of the park. The purchaser must execute the purchase agreement at the price 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 aff~xed 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 re- quired under this subdivision with the county recorder or registrar of titles. The notice must be in the following form: "MANUFACTLrRED HOME PARK NOTICE THIS PROPERTY IS USED AS A MANUFACT~D HOME PARK PARK OV~NER LEGAL DESCRIPTION OF PARK COOPERATIVE ASSOCIATION (IF APPLICABLE)" Subd. 9. Effect of noncompliance. Ifa manufactured home park is f'mally sold or con- verted to another use in violation of subdivision 6 or 7, the residents do not have any continu- ing right to purchase the park as a result of that sale or conversion. A violation of subdivision 6 or 7 is subject to section 8.31, except that relief shall be limited so that questions of market- ability of title shall not be affected. Subd. 10. Exclusion. Subdivisions 6 and 7 do not apply to: (1) a conveyance of an interest in a manufactured home park incidental to the financing of the manufactured home park; (2) a conveyance by a mortgagee subsequent to foreclosure of a mortgage or a deed giv- en in lieu of a foreclosure; or (3) a purchase of a manufactured home park by a governmental entity under its power of eminent domain. Subd. 11. Affidavit of compliance. After a park is sold, a park owner or other person with personal knowledge may file an affidavit with the county recorder or registrar of titles in the county in which the park is located certifying compliance with subdivision 6 or 7 or that subdivisions 6 and 7 are not applicable. The affidavit may be used as proof of the facts stated in the affidavit. A person acquiring an interest in a park or a title insurance company or attor- ney who prepares, furnishes, or examines evidence of title may rely on the troth and accuracy of statements made in the affidavit and is not required to inquire further as to the park owner's compliance with subdivisions 6 and 7. When an affidavit is filed, the right to purchase pro- vided under subdivisions 6 and 7 terminate, and if registered property, the registrar of titles shall delete the memorials of the notice and affidavit from future certificates of title. History: 1987 c 179 s 10; 1991 c 26 s 1-7 327C.096 NOTICE OF SALE. When a park owner offers to sell a manufactured home park to the public through adver- tising in a newspaper or by listing the park with a realtor licensed by the department of com- merce, the owner must provide concurrent written notice to a resident of each manufactured home in the park that the park is being offered for sale. Written notice provided once within a one-year period satisfies the requirement under this section. The notice provided by the park owner to a resident of each manufactured home does not grant any property rights in the park and is for informational purposes only. This section does not apply in the case of a taking by eminent domain, a transfer by a corporation to an affiliate, a transfer by a partnership to one