Four Questions to Ask Before Your Community Goes "Resident-Owned"
"You'll own the community. Your rents will be protected." It sounds like a dream, and that's exactly why residents should read the fine print first.
MHCO Article Topics
"You'll own the community. Your rents will be protected." It sounds like a dream, and that's exactly why residents should read the fine print first.
Some Oregon manufactured home community owners may have spent decades building reliable income—but without a clear transition plan. This uncertainty is especially common if their children have no intention of taking over management.
By Dianne Lugo
Salem Statesman Journal - February 11, 2025
Q: What happens after I give them the financial information?
A: HB 4038, which has not yet been codified, requires an owner to give written notice of the owner's interest in selling the park before the
owner markets the park for sale or when the owner receives an offer to purchase that the owner intends to consider, whichever occurs