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Who should pay back lot rent?

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Icon Mini Profile phannon44





Joined: 22 Sep 2009

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Post Posted: Tue Sep 22, 2009 4:40 pm    Post subject: Who should pay back lot rent?
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My son wants to buy a repo,Moble home.There are 4 months of back lot rent owed to moble home park owner.
He wants to pay cash.Who should pay the back rent?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Tue Sep 22, 2009 7:52 pm    Post subject:
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Hi phannon,

As far as I know, in most cases, if you purchase a repossessed mobile home, you'll have to purchase it "as is". The term "as is" means that you purchase the home in whatever condition it is and that you as a buyer are responsible to pay the back taxes and the overdue lot rent. Thus, your son would be liable to pay the back rent.

Thanks
Icon Mini Profile leeelliot61





Joined: 13 Sep 2009

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Post Posted: Tue Sep 22, 2009 8:05 pm    Post subject:
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Phannon,

Buyer will be answerable. but you can negotiate it with seller or ask him to take care of taxes & overdues before signing a deed
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