In NSW the park operator must provide you with a Disclosure Statement. This will outline information on fees and charges, the services and facilities provided to the community, how rent increases are calculated plus other essential information including the park owner’s details and trading history in residential parks.
You could be buying the home of your choice through a real estate agent, direct from the home owner or the park operator. The vendor or their agent should offer you a contract to purchase the home.
It is recommended that your purchase contract include a clause that the purchase is subject to the park operator and yourself executing a site agreement for you to occupy the residential site that the home is situated on. Ensure that you understand the terms and conditions included in the site agreement and importantly your rights and obligations. You should consider obtaining independent legal advice.
