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Updated almost 5 years ago, 12/23/2019

User Stats

112
Posts
221
Votes
Nikki Closser
  • Investor
  • Michigan
221
Votes |
112
Posts

Mobile Homes lease to own—Do parks need to qualify the buyer?

Nikki Closser
  • Investor
  • Michigan
Posted

Hi! I’m seriously considering buying individual mobile homes and going the lease to own route. My question is about the park rules around this. 

Once the person pays off the mobile home, I’m assuming you want your name off of the lot lease. At what point does the park need to qualify the new owner. What happens if the park says no to the new owner, but they have already paid off the home to you? 

Or, maybe I have this process wrong? Just trying to work out at what point the lot lease is transferred to them and how to make sure the park gives them the OK. 

Thanks for your help!

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