MOBILE HOME PARK SALE NOTICES
HB 426 mandates mobile home park owners notify residents and New Mexico before selling property, protecting residents from sudden ownership changes and displacement.
HB 426 mandates mobile home park owners notify residents and New Mexico before selling property, protecting residents from sudden ownership changes and displacement.
HB 426 requires mobile home park owners to provide advance notice to residents and the state before selling their property, establishing a timeline for disclosure and potentially giving residents or the state right of first refusal opportunities. The bill aims to protect mobile home residents from sudden ownership changes that could result in evictions or rent increases.
Mobile home residents often have significant equity in their homes but limited protections when parks change ownership, making them vulnerable to displacement. This bill addresses a real housing stability issue for a population that typically has fewer resources to relocate compared to other renters.
Compiled from official sources — confirm details with the bill’s official record.
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