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S04435 Summary:
BILL NO | S04435 |
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SAME AS | SAME AS UNI. A06268 |
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SPONSOR | LAVALLE |
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COSPNSR | |
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MLTSPNSR | |
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Add S238-a, RP L | |
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Sets up rules and regulations for the operation of lease-hold retirement communities to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease. |