Owning a Residential Park Home
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It's important to note that when you purchase and reside in a residential park home, that you are no longer covered by the Housing Act that protects owners of 'bricks and mortar' residences. Park residences are classed as 'caravans' and are therefore covered beneath the Mobile Homes Act 1983. Since they are constructed on a metal chassis and constructed mostly of wood, they're only viewed as short-term structures. For that reason, once you buy a park residence, you're only buying the structure - the land that the residence sits on remains the house from the park owner.
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As a part of the Mobile Homes Act 1983, you might also have a 'Written Agreement' (or contract) with the Park Owner. If your house was bought new soon after 18th January 2005, this contract should really state the plot quantity of your home as well as a program detailing its position on the park. If your property was bought new prior to this date, you may request this info for a fee of £30.
Your Written Agreement will also contain particulars of when the preparing permission for the park ends (if not permanent) and when the park owner's estate or interest within the land will finish. If they are not permanent you'll want to bear this in thoughts for those who strategy to commit the rest of your retirement around the park.
If you determine to sell your park residence, below the Mobile Properties Act of 1983, the park owner has the proper to claim 10% on the promoting price. The park owner must also approve the potential home owners before the sale is usually completed.
Any function that you just wish to carry out in your household have to be authorized by your park owner. For the retirement to become as relaxing and stress-free as possible, it really is important to become aware of your obligations and familiarise your self with all the terms outlined within your Written Agreement along with your park owner.
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Owning a park residence could be the excellent way to devote your retirement, providing you do your homework and know your rights. There are several sites around the World Wide Internet that cater for owners of park properties, for example residents associations and advisory solutions. These organisations supply assist and tips on all elements of owning a park house and all the legalities.
