Seasonal MH Park with Annual Lot Lease—Help!

[Nikki Closser]

Hi! Does anyone have experience with a seasonal park where the tenants are (mostly) long term (like 10+ years) and they pay annually? This particular park is on a lake. The homes are mostly RV’s, but they hook up to the well and septic and the place really runs like a MH park—aside from the fact that the tenants pay annually and the park is shut down for half of the year.

Just looking for any sort of pros and cons any of you have experienced?

Thanks so much!