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Updated over 10 years ago on . Most recent reply

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Chris E.
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Mobile Home Park Investing

Leases for tenant-owned homes

Chris E.
Posted

Hi all, I've started looking into MHP's and came across a 15 unit place where all units are tenant-owned. I asked about leases and was told there were no leases. I was a little surprised. Is this common practice for this type of rental? If I were to purchase the property, what recourse would I have if the tenants didn't pay? I appreciate any feedback.

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