Owning a Residential Park Home

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It is important to note that any time you acquire and reside inside a residential park home, you are no longer covered by the Housing Act that protects owners of 'bricks and mortar' residences. Park houses are classed as 'caravans' and are consequently covered beneath the Mobile Properties Act 1983. Since they are built on a metal chassis and constructed mainly of wood, they're only regarded as temporary structures. Hence, after you acquire a park residence, you happen to be only buying the structure - the land that the house sits on remains the house of your park owner.

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As a part of the Mobile Properties Act 1983, you may also possess a 'Written Agreement' (or contract) with all the Park Owner. In case your property was bought new immediately after 18th January 2005, this contract should state the plot quantity of your house along with a plan detailing its position on the park. In case your property was purchased new just before this date, you are able to request this facts for any charge of £30.

Your Written Agreement will also contain facts of when the organizing permission for the park ends (if not permanent) and when the park owner's estate or interest inside the land will end. If these are not permanent you need to bear this in thoughts in case you strategy to devote the rest of one's retirement on the park.

When you make a decision to sell your park house, below the Mobile Properties Act of 1983, the park owner has the correct to claim 10% of the promoting cost. The park owner ought to also approve the prospective homeowners ahead of the sale is often completed.

Any function that you simply wish to carry out on your dwelling have to be approved by your park owner. For your retirement to become as relaxing and stress-free as possible, it really is crucial to become aware of your obligations and familiarise oneself with each of the terms outlined inside your Written Agreement together with your park owner.

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Owning a park household might be the perfect technique to invest your retirement, offering you do your homework and know your rights. There are several web-sites on the World Wide Internet that cater for owners of park properties, for instance residents associations and advisory solutions. These organisations present assist and guidance on all aspects of owning a park household and all of the legalities.