Selling Ancillary Structures in Arizona


#1

When you are selling off ancillary structures, do you just sell the home, or do you do a minor lot split and seperate the land into its own parcel ? Do you charge them a land lease for the Stick Built Home ? Looking for input by anyone that has done this. I am located in Arizona.


#2

I believe you really need to have it on its own parcel and each one should have its own access so its a clean break . Check on the utilities as well.


#3

Check with your lender if you have one to make sure you can sell it. They may not allow you to sell the structure…


#4

If it’s ahead of time , I would definitely incorporate individual release provisions in the loan if possible. It will be a pre determined values per structure and additionally , identify if payments will be recalculated on the reduced balance.