I have a park which I wasn’t able to successfully negotiate a purchase on but the sellers are open to discussing a Master Lease Option (MLO)… however, I have some questions about the intricacies of the ML piece. Insurance/utility/tenant lease contracts, how taxes are paid, who gets tax benefits, etc. Does anyone have any experience with this? I realize anything can be negotiated into a contract but these guys have a couple attorney friends that nit pick everything and I’d like to know whats customary.
Thanks in advance,