Selling or gifting a park home involves specific legal steps that must be followed to ensure a smooth transfer of ownership. Whether you are selling your park home, transferring it to a family member, or passing it on through inheritance, it is essential to understand the rules and responsibilities involved.
Selling Your Park Home
When selling a park home, the park owner is entitled to receive up to 10% of the selling price as a commission. This is a standard practice and must be factored into your selling plans.
Steps to Sell Your Park Home
- Provide Important Information to the Buyer
- Inform the buyer about essential details such as commission charges and pitch fees.
- Ensure that they understand their responsibilities as the new owner.
- Notify the Park Owner
- Inform the park owner that you are selling the home.
- Transfer the Pitch Agreement
- Assign (transfer) the pitch agreement to the new owner.
- Buyer to Complete a ‘Notice of Assignment Form’
- The new owner must fill in this form to ensure that the commission is paid to the park owner.
- Use the Correct Forms for the Sale
- It is mandatory to use official forms designed for park home buyers and sellers to complete the sale legally.
Energy Performance Certificate (EPC) Exemption
Unlike traditional homes, park homes do not require an Energy Performance Certificate (EPC) when being sold.
Can the Park Owner Object to the Sale?
Yes, in some cases, the park owner may object to the sale. However, they must apply to a tribunal to do so. If they do not take legal action, the sale can proceed as planned.
Gifting Your Park Home
You have the legal right to gift (give away) your park home to a family member and transfer your pitch agreement to them.
Steps to Gift Your Park Home
- Confirm Family Relationship
- You must prove your relationship with the person receiving the home.
- Fill Out the ‘Notice of Proposed Gift Form’
- This form provides proof to the park owner about how you are related to the recipient.
- Inform the Park Owner
- Notify the park owner about your intention to gift the home.
Inheritance Rules for Park Homes
When the owner of a park home passes away, the agreement can be inherited under certain conditions.
Who Can Inherit the Park Home Agreement?
- A family member who was living with the owner at the time of their death.
- A husband, wife, or civil partner of the deceased.
Approval Required for Others
If someone other than a family member or spouse wants to live in the park home, they must get approval from the park owner to stay there.
Selling, gifting, or inheriting a park home involves specific legal steps that must be followed. The park owner has the right to a 10% commission on the sale price, and buyers must complete the necessary paperwork. While gifting a home is allowed, proof of family relation is required. Inheritance rules ensure that spouses or family members living in the home can take over the agreement, while others may need the park owner’s approval. By following these guidelines, you can ensure a smooth transfer of ownership.
FAQ
How much commission does the park owner receive when I sell my park home?
The park owner is entitled to receive up to 10% of the selling price as commission when you sell your park home.
Do I need to inform the park owner before selling my park home?
Yes, you must notify the park owner about the sale and ensure all necessary paperwork is completed.
Can I give my park home to a family member for free?
Yes, you can gift your park home to a family member, but you must fill out the ‘Notice of Proposed Gift Form’ and provide proof of your relationship.
Does a park home require an Energy Performance Certificate (EPC)?
No, park homes are exempt from EPC requirements when being sold.
Can the park owner stop me from selling my home?
In some cases, the park owner can object to the sale, but they must take legal action by applying to a tribunal.
Who can inherit a park home after the owner’s death?
A spouse, civil partner, or family member living in the home at the time of death can automatically inherit the agreement. Others will need park owner approval.
What forms do I need to sell my park home?
You must complete the official park home buyer and seller forms to ensure a legal transfer.