Vt. Dept. of Housing & Cmty. Dev., Housing Division Rules, Part I (Mobile Home Parks)

Citation
Vt. Dept. of Housing & Cmty. Dev., Housing Division Rules, Part I (Mobile Home Parks)
Jurisdiction
Vermont (state)
Source
Official source
Original Source
https://outside.vermont.gov/agency/ACCD/ACCD_Web_Docs/Housing/Housing-Rules/R... ↗

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(c) If the park owner does not receive a Notice of Intent to Negotiate
bearing the signatures of a majority of the mobile home owners during the
45-day Notice Period, he or she has no further restrictions on the sale
unless a new notice is required pursuant to Section 13.3.3 below.

13.3.2 Obligations of Good Faith. The park owner and the mobile home
owners or the nonprofit corporation selected by the mobile home owners shall
negotiate sale terms with one another in good faith as defined in Section 2.6
above. Sale terms include the price and other factors generally given
consideration such as financing or closing contingencies.

13.3.3 New Notice Required. Prior to the expiration of the Notice of Intent to
Sell, and before making an offer to sell or accepting an offer to purchase the
mobile home park, the park owner shall provide a new Notice of Intent to Sell in
accordance with Section 13.1 above unless the sale price is:

a) no more than five percent below the price for which the mobile home
park was initially offered for sale; or

b) at least five percent more than the final written offer from a group
representing a majority of the mobile home owners or a nonprofit
corporation approved by them.

13.4 Health and Safety Disclosures. Prior to the sale of a mobile home park, the
park owner shall furnish the following to the buyer:

(a) the results of the most recent sanitary survey of the mobile home park
conducted by the Agency of Natural Resources;

(b) the results of all drinking water tests required or performed for the mobile
home park during the preceding 36 months; and

(c) all state and local government permits related to operation of the mobile home
park and its systems.