I’m interested in a park and a few homes are owned by the seller on rent to own agreements with renters. Aside from acquiring the notes at the discount what is the best strategy to retain the homes in the park?
Possibly an agreement to a ceiling on the rent level (base rent plus escalators) for the duration any sale process agreeing that the homes can not be moved?
Why do you think the homes are at risk of being moved?
I have no reason to believe they would but want to reduce/eliminate that risk.
If the seller is a shit bag then buy the notes. Otherwise, just close it. Don’t put the whole deal at risk with complex restrictions.
If the home is older than 1990, its unlikely that it can’t be moved without significant damage. That keeps the home there by default.