SECTION 1.  Chapter 93 of the General Laws is hereby amended by adding the following section:-

Section 115.  Every contract for a hall or room rental for an event shall provide clearly and conspicuously in writing that such contract may be cancelled, at the option of the consumer or lessee, within 30 days after the date of receipt by said consumer or lessee of notice from the owner or manager of the facility that there will be a change in ownership or management of said facility.  The owner or manager of the facility shall, upon receipt of information that the ownership of the facility is changing, immediately notify in writing by first class mail, all consumers or lessees, of such change and their option to cancel. The consumer or lessee shall have 30 days from the date of receipt of said notice to cancel the scheduled event at the facility without penalty.  Any deposit or monies paid pursuant to the contract by the consumer or lessee to the facility shall be refunded within 15 business days of receipt of such notice of cancellation, and the contract for the hall or room rental for an event shall be void upon cancellation.

Any violation of this section shall be punishable by a fine of $50 per day.