1. Why Transition Out of Home Ownership
Park-owned rentals introduce maintenance volatility, appliance replacements, and tenant turnover. Selling homes to residents aligns interests:
- The resident gains pride of ownership and home equity.
- The park owner eliminates repair expense and secures reliable lot rent.
2. Structuring the Transition
Use third-party chattel financing or compliant rent-credit programs to help existing tenants purchase their homes affordably.