Bill > SB166

This bill requires sellers of manufactured housing units in a resident-owned community (ROC) to provide prospective buyers with comprehensive documentation about the community before finalizing a sale. Specifically, the seller must help the buyer obtain detailed information from the ROC owners' association, including financial statements, anticipated maintenance expenses, reserve fund status, pending legal actions, insurance coverage details, a copy of the community's bylaws and declaration, and a statement of monthly and annual fees. The ROC owners' association must provide these documents within 10 days of a written request from a prospective buyer. The purpose of this legislation is to ensure transparency and give potential buyers a clear understanding of the financial and regulatory environment of the manufactured housing community before they make a purchase. The bill will take effect on January 1, 2026, giving ROC associations and sellers time to prepare for the new disclosure requirements.

Business and Industry, Housing and Urban Affairs

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0950&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB166