My question is in regards to a prospective tenant attempting to move in a mobile home to our park. Their financing company has a list of stipulations that they want the lessor to sign and return, and some of them are unfavorable to the park. These are as follow:
1). Community management/lessor will waive all rent until CSL Financial identifies the home as a
2). In the event community occupancy falls below 95%, community management/lessor will
continue to waive site rent until the home is resold or removed from the community.
3). Community management/lessor will not require the home to be removed from the community.
Has anyone encountered lenders that follow these practices? If so, how did you deal with a situation like this? Obviously filling the space is a top priority, but some of these terms seem dubious at best and a likely pitfall down the road.