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Updated over 6 years ago, 07/18/2018
Can I Give a POH to a Tenant?
With all of the Dodd Frank and SAFE Act concerns around seller financing I'm wondering if I can simply give a POH to a tenant as part of their rental agreement? What I want to achieve is passing all home maintenance requirements to the tenants of my mobile home park. The homes in this park are all 70s-80s era homes and really don't have a lot of value. All need a some repair, mostly minor age related wear and tear, but some need a lot and a full rehab on these would be more than the value of the trailer.
Anyone done this before? Is this legal under DF and SAFE? Thanks BP for any input.
Reid