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All Forum Posts by: Chris E.

Chris E. has started 1 posts and replied 1 times.

Mobile Home Park Investing

Post: Leases for tenant-owned homes

Chris E.Posted
  • Posts 1
  • Votes 0

Hi all, I've started looking into MHP's and came across a 15 unit place where all units are tenant-owned. I asked about leases and was told there were no leases. I was a little surprised. Is this common practice for this type of rental? If I were to purchase the property, what recourse would I have if the tenants didn't pay? I appreciate any feedback.

0 Votes