Can Park Homes be resold?
Yes, Park Homes can be sold on the open market, although the purchaser must be approved by the park owner (who cannot unreasonably withhold approval). This is especially important on retirement parks where there may be a restriction on the age of prospective residents.
Before a sale can proceed, homeowners need to inform the park owner that they intend to sell their home and the price for which they are intending to sell it. The park owner is entitled to a commission share of the sale, which currently stands at 10%.
Considerable investment is necessary to develop and maintain a licensed park home estate. A reasonable return on this investment is essential to ensure that the park continues as a viable concern in the interests of both the home owner and the park owner.
The home owner is not limited to selling the home via the park owner and may enlist the help pf the local estate agent or other marketing channels. However, Estate Agents’ Fees are payable on top of the transfer fee due to the park owner.
Can I live in the Park Home all year round?
Yes, as long as the park has a permanent residential license, you can use a park home as your main residence.
Indeed, it is a requirement of most residential parks that the home is used as the home owner’s main residence.
How are the Park homes different from regular houses?
Apart from the way they are constructed, a park home looks and feels almost exactly the same as a conventional bungalow. Modern park homes have gas central heating, double glazed windows, pitched roofs and are normally supplied full furnished. Some even come with wide-screen plasma televisions as standard! Each home is connected to regular services such as phone lines and cable TV.
What is the Maintenance Fee?
Homeowners pay a maintenance fee (or ‘ground rent’) to the park owners for the plot on which their home is sited. This maintenance fee varies from park to park. This maintenance fee is for the right to keep the home on the particular park, and also covers maintenance of the communal areas and roads, electricity for streetlights, etc. Piped oil is supplied from each residents own individual bulk storage tank. The monthly maintenance fee is normally around £115. To find out what the Monarch of the Glen Park Fee is please call 01674 672105 or 07821 017 439.
Can a park home be passed on in a will?
Yes, Park Homes can be passed on in a will. If it is left to a party currently not resident on the park, then they may only occupy the home with the consent of the Park Owner. This is especially important on retirement parks where they may be restricted on the age of the prospective residents. The heirs may sell the home if they so wish.
If the home is left to the deceased’s husband or wife (living with them on the park) then the surviving partner can inherit the home and the rights for the home and continue to live on the park.
Do I own the plot/land?
No. You are granted a license to use the plot with the home sited on it indefinitely. As the plots aren’t freehold properties, you never actually own them, you only hold the license. However, you do own the actual home.
Can I use a Park Home as my second home?
The short answer is no, a park home needs to be your “only or main residence”. This is not a park rule, but legal stipulation in the Mobile Homes Act.
Holiday homes or lodges however, can only be used as your second residence and cannot be used as a main residence.
If you are interested in buying a Holiday Home or Lodge in Montrose please visit our website at southlinkspark.com to find out more about our Holiday Homes/Lodges.
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