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Updated over 8 years ago,
Leasing/Renting Private Lot to Mobile Home Owner
Hi all -
I haven't seen anything pertaining exactly to leasing a lot to mobile home tenants as a private landowner. I'm currently in negotiations with the current landowner to purchase the parcel (he lives out of state and doesn't want to enter a land contract with the mobile home tenants, although he claims they've expressed interest in buying it) and I'd like to know if anyone has any experience leasing/renting land to MH tenants. The tenants currently live on the lot and *apparently* pay the landowner rent.
My first choice would be to sell the lot to the MH tenants on terms, but if not, I'll be looking into a rental/lease situation while I try to flip the parcel to another buyer. Does anyone have experience with this? Are there any pitfalls I should look out for? Is there a way to absolve myself from issues with the well/septic system? Any experience writing contracts that release me from liability due to problems the tenants claim are related to the land?
Any help would be greatly appreciated.