Owning a Residential Park Home

It's important to note that whenever you invest in and live within a residential park home, you might be no longer covered by the Housing Act that protects owners of 'bricks and mortar' residences. Park residences are classed as 'caravans' and are as a result covered below the Mobile Houses Act 1983. Since they are built on a metal chassis and constructed mainly of wood, they're only viewed as short-term structures. As a result, once you buy a park home, you will be only acquiring the structure - the land that the dwelling sits on remains the house from the park owner.

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As a part of the Mobile Residences Act 1983, you are going to also possess a 'Written Agreement' (or contract) using the Park Owner. In case your dwelling was bought new just after 18th January 2005, this contract should state the plot quantity of your house as well as a plan detailing its position on the park. In case your dwelling was purchased new prior to this date, you can request this information and facts for any fee of £30.

Your Written Agreement will also include information of when the preparing permission for the park ends (if not permanent) and when the park owner's estate or interest in the land will finish. If they are not permanent you must bear this in mind in the event you strategy to devote the rest of the retirement around the park.

If you make a decision to sell your park property, below the Mobile Homes Act of 1983, the park owner has the correct to claim 10% of the promoting value. The park owner ought to also approve the potential homeowners ahead of the sale may be completed.

Any work that you just want to carry out on your house should be authorized by your park owner. For your retirement to become as relaxing and stress-free as you possibly can, it is vital to become aware of your obligations and familiarise yourself with each of the terms outlined inside your Written Agreement along with your park owner.

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Owning a park household could be the best solution to devote your retirement, delivering you do your homework and know your rights. There are several web sites around the Planet Wide Internet that cater for owners of park residences, which include residents associations and advisory services. These organisations give aid and guidance on all aspects of owning a park residence and all of the legalities.