Owning a manufactured home in a land-lease village is very different to owning a conventional house, and there are substantial differences between the laws governing the two.
Under the Residential Tenancies Act 1997 (Part 4A), and the Residential Tenancies Amendment Act 2018, when you buy into a Land-Lease village in Victoria, you will need to sign a written contract with the site owner, commonly known as a Site Agreement.
There are several things that are not allowed, under the law, to be included in a site agreement.
When buying into a land-lease village, prospective buyers must be given 2 copies of a Site Condition Report, prepared by the village owner or their agent, before they move in.
One of the largest fees for home owners, may be a Deferred Management Fee (DMF) or as it is often known, an Exit Fee. Not all village owners charge DMFs but they are currently quite common.
Incorporation Number: A01179410
Disclaimer: Information on this website contains general information and opinions of MHOA Victoria. It should not be considered as legal advice or a substitute for legal advice.