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A04955 Summary:
| BILL NO | A04955B |
| SAME AS | SAME AS S07437-A |
| SPONSOR | Thiele |
| COSPNSR | Rosenthal L, Woerner |
| 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. | |