Right of First Refusal Provision
In Greenfield Country Estates Tenants Ass'n v. Deep, 423 Mass. 81, 87, 666 N.E.2d 988 (1996), the statutory provision granting a right of first refusal read as follows:
"An owner of a manufactured housing community must notify each tenant by certified mail of the owner's intent to sell or lease the land on which the community is located.
Such notice must occur within fourteen days after the owner makes public his or her interest to sell the manufactured housing community, and at least forty-five days before the sale or lease occurs. . . . If more than fifty per cent of the tenants residing in the community, . . . so request in writing, the owner must notify each resident of receipt of a bona fide offer to purchase the land that the owner intends to accept.
The group then has the right to purchase the community on substantially similar terms and conditions as the third-party bona fide offeror . . . ." Greenfield Country Estates, 423 Mass. at 83 n.7, 666 N.E.2d at 990 (citing MASS. GEN. LAWS ch. 140, 32R (1994)).