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Updated almost 4 years ago,
Lot with Occupied Mobile Home...?
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 who own their home. The tenants currently live on the lot and *apparently* pay the landowner rent for the use of the land.
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.