Received a letter stating that they would like to make a change to my long term lease addendum that I signed for a space. This change would allow the rent to be increased to market rate if I sell my home. They say in exchange for me completing and returning the enclosed addendum, they will credit me $500.00 once the paperwork is received, verified complete and processed.
Upon sale/transfer of the manufactured home or assignment of the homesite, after execution of the fifteen year lease addendum to the rental agreement, the current space rent for the new homeowner may increase to a rate that more accurately reflects the current move in rate.
The only downside I see is it would be harder to sell the home?
submitted by /u/fappingallday123
[link] [comments]
Received a letter stating that they would like to make a change to my long term lease addendum that I signed for a space. This change would allow the rent to be increased to market rate if I sell my home. They say in exchange for me completing and returning the enclosed addendum, they will credit me $500.00 once the paperwork is received, verified complete and processed. Upon sale/transfer of the manufactured home or assignment of the homesite, after execution of the fifteen year lease addendum to the rental agreement, the current space rent for the new homeowner may increase to a rate that more accurately reflects the current move in rate. The only downside I see is it would be harder to sell the home? submitted by /u/fappingallday123 [link] [comments]
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