New Hampshire Revised Statutes 205-A:23 – Exceptions
Current as of: 2023 | Check for updates
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Notwithstanding the provisions of N.H. Rev. Stat. § 205-A:21, the owner of a manufactured housing park shall not be required to give notice to the tenants if:
I. A bank, mortgage company, or any other mortgagee has foreclosed on the park and said mortgagee:
(a) Is selling the park at a foreclosure sale; or
(b) Is selling the park after having purchased the park at a foreclosure sale.
II. The sale or transfer is to a family member of the owner or to a trust, the beneficiaries of which are family members of the owner.
III. The sale or transfer is by a partnership to one or more of its partners.
IV. The conveyance of an interest in the park is incidental to the financing of such park.
V. The sale or transfer is between joint tenants or tenants in common.
VI. The sale is pursuant to eminent domain.
I. A bank, mortgage company, or any other mortgagee has foreclosed on the park and said mortgagee:
Terms Used In New Hampshire Revised Statutes 205-A:23
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) Is selling the park at a foreclosure sale; or
(b) Is selling the park after having purchased the park at a foreclosure sale.
II. The sale or transfer is to a family member of the owner or to a trust, the beneficiaries of which are family members of the owner.
III. The sale or transfer is by a partnership to one or more of its partners.
IV. The conveyance of an interest in the park is incidental to the financing of such park.
V. The sale or transfer is between joint tenants or tenants in common.
VI. The sale is pursuant to eminent domain.