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Updated almost 7 years ago on . Most recent reply

Converting POH to TOH - who is responsible for maintenance?
I'm aware of the advantages of having a park 100% or at least mostly tenant-owned homes.
However, during the process of converting park-owned homes over to tenant-owned homes (using some form of Rent Credit format), who is responsible for maintenance on the homes? I realize this might not be an absolute, but can anyone speak to what's most common?
Also, please feel free to chime in with any other advice/recommendations on the POH->TOH conversion process.
Thanks!
Most Popular Reply

@Matt Williams We sell ours via installment sale. Tenant owners pay a set price per month for a specified number of months (ex: $350/mo for 60 months, plus lot rent which is a separate contract). After that last payment we sign over the home to them.
The tenant owner is responsible for all maintenance right from the beginning.