Manufactured Home Lot Rental Act; right of first refusal, resident entities and localities.

This legislation strengthens protections for residents of manufactured home parks by establishing a right of first refusal. If a park owner decides to sell their property, they must now provide formal notice to the residents and the local government. This gives organized resident associations or the local municipality the opportunity to match an offer and purchase the land before it can be sold to a third-party developer. By providing this legal window, the bill aims to prevent the displacement of long-term residents and keep affordable housing options stable in Arlington and across Virginia. This measure empowers communities to preserve their neighborhoods, helping to mitigate the risk of residents losing their homes due to park redevelopments or significant rent hikes following a property sale.