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S07437 Summary:

BILL NOS07437A
 
SAME ASSAME AS A04955-B
 
SPONSORMURRAY
 
COSPNSR
 
MLTSPNSR
 
Add 238-b, amd 233-b, RP L
 
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.
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