Owning a Residential Park Home

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It's important to note that any time you acquire and live in a residential park home, you're no longer covered by the Housing Act that protects owners of 'bricks and mortar' homes. Park properties are classed as 'caravans' and are as a result covered below the Mobile Homes Act 1983. Because they are built on a metal chassis and constructed mainly of wood, they're only considered short-term structures. Hence, once you purchase a park house, you will be only purchasing the structure - the land that the residence sits on remains the property of the park owner.

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As part of the Mobile Houses Act 1983, you will also possess a 'Written Agreement' (or contract) using the Park Owner. In case your home was bought new after 18th January 2005, this contract should really state the plot variety of your property plus a program detailing its position on the park. In case your household was purchased new just before this date, it is possible to request this info for any fee of £30.

Your Written Agreement may also contain particulars of when the planning permission for the park ends (if not permanent) and when the park owner's estate or interest inside the land will finish. If they are not permanent you might want to bear this in mind in the event you plan to spend the rest of your retirement around the park.

In case you choose to sell your park residence, under the Mobile Properties Act of 1983, the park owner has the ideal to claim 10% on the promoting price tag. The park owner have to also approve the prospective property owners prior to the sale is often completed.

Any work that you simply wish to carry out in your property must be approved by your park owner. For your retirement to be as relaxing and stress-free as you can, it's important to be aware of your obligations and familiarise oneself with all of the terms outlined inside your Written Agreement along with your park owner.

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Owning a park home could be the ideal approach to devote your retirement, giving you do your homework and know your rights. There are various web pages on the Planet Wide Net that cater for owners of park homes, including residents associations and advisory services. These organisations present support and assistance on all aspects of owning a park residence and each of the legalities.