Property Management

Under Maine's Manufactured Housing Act, mobile home park residents who wish to purchase their park have:

ANo rights to purchase the park
BA right of first refusal when the park owner decides to sell✓ Correct
CAn automatic 50% ownership stake after 10 years
DThe right to petition the MREC for price arbitration

Explanation

Maine's Manufactured Housing Act gives mobile home park residents (through their tenant association) a right of first refusal to purchase the park when the owner decides to sell, providing an opportunity to preserve affordable housing.

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