[WSBARP] Mobile Home - Buyer wants to let seller stay

[Stewart Feil]

Hi list-mates,

 

I have an issue surrounding a mobile home and real estate transaction. Seller is old and it would be a hardship to move. Buyer wants to let seller stay on the property in the MH, but does not want to give a life estate. Buyer wants to make sure to have power to evict if necessary. MH is not in the greatest condition. Buyer does not want to incur an obligation to renovate or repair.

 

We were thinking about a lease back at even $1.00 per month would give Buyer the advantage of immediate access and control to the surrounding real estate, avoid the life estate problem, and still offer an affordable opportunity for Seller to remain on the premises. But that subjects Buyer to LL/T rules.

 

I’m looking for suggestions for the best way to keep Seller in the house, preserve Buyer’s rights to the property (including eviction if necessary), and avoid Buyer having to incur a lot of expenses to repair a MH that will probably be leveled and removed once Seller dies or leaves.

 

Any suggestions?

 

-- 

 

Warm regards,

 

Stewart Feil

Hanigan Law Office, PS

PO Box 39 - 68 Main Street

Cathlamet, WA 98612

(360) 795-3494

(360) 795-3001 (f)

 

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