We have an industry update for Sarasota!
Currently, there are several mobile home parks within the Sarasota area that are foregoing the application fee associated with the park approval process!
This equates to a nice savings for anyone who is looking to get approved by a mobile home park within Sarasota.
Many times it is asked if it is even necessary for one to get approved by the park prior to purchasing a mobile home, and the answer is a resounding
The mobile home park approval process is, for the most part, pretty straightforward.
Most parks in the Sarasota area will require the applicant to fill out a standard application with their information on it. After the standard application is filled out, most parks will also ask for a photo ID, run a credit report, a criminal background check, and an eviction history report on all applicants trying to gain access to the park for residency.
A verification of income will usually always be done as well.
Each park varies their criteria needed for approval, but most are looking to make sure that each applicant does not have any prior evictions on their record.
The reason for this is that when buying a mobile home within a mobile home park where the tenant leases the land the home sits on, that tenant will be required to make a monthly payment to the park in the form of lot rent.
If the tenant has past eviction history due to failure of payment, the park could use this as a basis for the reason to not approve the applicant for residency within the mobile home park.
Most parks will charge an application fee of $50 to $100 per applicant.
Currently, there are several parks that are waiving this fee within the Sarasota area as a way to make the buying process that much more affordable to all buyers involved.
After speaking to several park managers, I have heard that this has been done for those who have financially been affected by loss of wages due to the pandemic of COVID-19.
I feel this is a very generous gesture made by the park managers and owners since running a full background check does cost them money to do this. I expect to see several other parks in the Sarasota area continue with waiving the park approval application fee as everyone gets back to normal post the global pandemic.
This is Mark Kaiser with The Mobile Home Dealer, and we help mobile home buyers and sellers get to a better place in life.