(b) Resident intent to negotiate; timetable. The mobile home owners shall have 45 days following notice under subsection (a) of
this section in which to determine whether they intend to consider purchase of the
park through a group representing a majority of the mobile home owners or a nonprofit
corporation approved by a majority of the mobile home owners. A majority of the mobile
home owners shall be determined by one vote per leasehold and no mobile home owner
shall have more than three votes or 30 percent of the aggregate park vote, whichever
is less. During this 45-day period, the park owner shall not accept a final unconditional
offer to purchase the park.
(c) Response to notice; required action. If the park owner receives no notice from the mobile home owners during the 45-day
period or if the mobile home owners notify the park owner that they do not intend
to consider purchase of the park, the park owner has no further restrictions regarding
sale of the park pursuant to this section. If, during the 45-day period, the park
owner receives notice in writing that a majority of the mobile home owners intend
to consider purchase of the park, then the park owner shall do all the following:
(1) not accept a final unconditional offer to purchase from a party other than leaseholders
for 120 days following the 45-day period, a total of 165 days following the notice
from the leaseholders;
(2) negotiate in good faith with the group representing a majority of the mobile home
owners or a nonprofit corporation approved by a majority of the mobile home owners
concerning purchase of the park; and
(3) consider any offer to purchase from a group representing a majority of the mobile
home owners or from a nonprofit corporation approved by a majority of the mobile home
owners.