Lease with option to purchase

[Kyle M.]

Hey Biggerpockets,

Looking for someone that has done a lease with option to purchase on a mobile home in a park. What did your contract look like? Did you have a lawyer write it up for you? Any advice would be helpful.

I'm looking to apply this to my mobile home park in Texas.

[Anthony Conway]

We do owner financing on mobile homes in our parks which works out a little easier for us. This is kinda the same just structured different. We sell the mobile home on payments with a standard MH purchase and sales agreement with payment schedule, non refundable down deposit form and a standard land rental contract for the lot rent