Updated almost 8 years ago on . Most recent reply
Lease with option to purchase
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.
Most Popular Reply
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