An owner of a facility shall give written notice of the owner’s interest in selling the facility before the owner markets the facility for sale or when the owner receives an offer to purchase that the owner intends to consider, whichever occurs first.
The owner shall give the notice required by subsection (1) of this section to:
All tenants of the facility; or
A tenants committee, if there is an existing committee of tenants formed for purposes including the purchase of the facility and with which the owner has met in the 12-month period immediately before delivery of the notice.
The owner shall also give the notice required by subsection (1) of this section to the Housing and Community Services Department in the manner prescribed by the department by rule.
The notice must include the following:
The owner is considering selling the facility.
The tenants, through a tenants committee, have an opportunity to compete to purchase the facility.
In order to compete to purchase the facility, within 15 days after delivery of the notice, the tenants must form or identify a single tenants committee for the purpose of purchasing the facility and notify the owner in writing of:
The tenants’ interest in competing to purchase the facility; and
The name and contact information of the representative of the tenants committee with whom the owner may communicate about the purchase.