If you are in the process of buying a park home or if you’re already an owner, you may be wondering if your investment can be passed on to a beneficiary in your will?
The short answer to this question is yes, a park home can be passed on in a will. However, there are certain criteria stating the rules surrounding exactly how inheriting a park home works. Read on for a more in-depth explanation.
The GOV.UK website states that anyone will be able to take over ownership of the park home and continue the agreement once the owner has passed away as long as they are a family member living with the person at the time in which they pass away, or that they are a husband, wife or civil partner living with them on the park.
A person who is not living with you or who is not a husband, wife or civil partner will instead have to seek approval from the park owner in order to live in the park home.
As some residential parks have minimum age restrictions as to who can live on the park, this is one reason as to why it’s important that consent can be given by the park owner if the mobile home has been inherited by a party currently not residing on the park site.
The deceased resident’s Mobile Homes Act agreement continues to be in force and will be passed onto whoever inherits the mobile home and becomes the new owner. This person will have the same rights to sell the park home as the owner who has passed away did.
The terms and conditions of you park home ownership may specify an amount of commission to be paid to the park owner if you sell the park home. This commission does not apply when ownership of the park home is inherited through a will since no money has been exchanged.
The individual who also inherits the park home will also take on full responsibility involved with owning the home which would include paying the pitch fees and additional costs, as well as generally maintaining the upkeep of the park home.
Whilst a park owner doesn’t necessarily have to approve an individual to live on the park who doesn’t meet the criteria of being a family member, husband, wife or civil partner meaning you could continue the agreement and live on the park as discussed previously, the site owner does not have the right to remove a park home from the site following the passing away of the owner.
The Act also states that the recipient of the park home cannot give or transfer the agreement to a member of their family without gaining consent from the site owner.
Yes, if you have inherited the park home through a will then you do have the right to sell the park home.
It’s understandable that park home living might not be for everyone, and with the prospect of being restricted to site rules and having to take over responsibilities for payments such as pitch fees and additional costs, you may decide that selling the park home is the right thing to do.
If you are in the position that you are looking to sell your park home, then read our blog on knowing your rights when selling your park home.