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Updated almost 7 years ago on . Most recent reply

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Matt Williams
  • Jackson, TN
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Converting POH to TOH - who is responsible for maintenance?

Matt Williams
  • Jackson, TN
Posted

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!

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Ryan Murdock
  • Rental Property Investor
  • Maui, HI
1,708
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Ryan Murdock
  • Rental Property Investor
  • Maui, HI
ModeratorReplied

@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. 

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