Colorado park-sale law effective January 1 sets seven-day document clock and portfolio discount sharing

Colorado House Bill 26-1224 was signed June 2 and takes effect January 1, 2027. When a park is for sale, the act requires a landlord, to the extent the information is in the landlord’s possession or control, to provide on request documents showing how the price was set, infrastructure age and repair records, rent rolls and vacancy figures, plus income and expense records.

The landlord must provide the documents within seven calendar days of a request, and the act’s text has the landlord accept or reject a homeowner group’s offer in writing within seven calendar days. A discount tied to a multi-property sale must be made available to the home owners on the same proportionate terms, even if they bid only for the park.

A 120-day closing period must include at least 90 days of due diligence. The act bars a landlord from colluding with a buyer or using other anticompetitive practices when the primary purpose is to inflate the price above fair market value or otherwise block a purchase by a home owner group.