Posted by Joe C. (AR) on January 12, 2003 at 17:37:00:
I have the same clause in my contract. I deal mostly in my own park as well, but I have used the clause in other parks. In addition, I stipulate that if the tenant is evicted from the park, the note is due and payable in full.
Joe C. (AR)
Keeping buyer in Park - Posted by Trent (MS)
Posted by Trent (MS) on January 11, 2003 at 09:32:16:
How can you guarentee the PM that after you have sold the MH in his park that the buyer will stay and pay lot rent…Should there be something put in the contract about this?
Any info would be appreciated
Trent
Re: Keeping buyer in Park - Posted by Briton
Posted by Briton on January 11, 2003 at 09:50:37:
I deal in my own park, but i can tell you what i do. I have a part in the contract that says the Home CAN NOT be moved until the loan is paid in full. So then you can tell they will probly stay there at least the full 3 years, unless they pay it off early. Briton