Updated about 2 years ago on . Most recent reply
Under contract on a 52 pad lot lease mobile home park
Looking for a solid lease agreement and finding it harder than I expected. Reached out to the state association (MS), and they had nothing. Any direction would be appreciated.
Aside from the lease, trying to decide if I go down the path of lease to own or keep it simple by just leasing pads. Any direction or advice here would be appreciated as well.
Most Popular Reply
Get an attorney in that state from the Assoc and have them draft one. They probably have one already.
Sell the homes and rent the lots. Avoid the rental model. Rent to own is BS and they will just be glorified renters. If you want to rent units then buy apartments. The beauty of MHPs is the lot rent model.