Interior lots carved out and sold under prior ownership

An important on-line resource for Community Owners and Managers. Participants enhance their professional abilities by sharing valuable insights, tips and on the job experiences.
Post Reply
captkai
Posts: 2
Joined: Fri Feb 27, 2015 6:54 pm

Interior lots carved out and sold under prior ownership

Post by captkai » Fri Feb 27, 2015 7:29 pm

I'm looking at a park where a prior owner sold off several interior lots within the park to individuals who were occupying the lots in their tenant-owned homes. One of the parcels has filed an easement so that they are assured ingress/egress to/from the park. The homes are in very good condition, the parcel owners have been there for a long time, and none of the parcels could obstruct the park entrances.

Is this a deal breaker? Ideally I would try to buy out the smaller parcels so that this becomes a non-issue and so that I can have some control over the future use of the homes/residents. Would it still be worth buying the park if I cannot convince the smaller parcel owners to sell back their lots?

Post Reply

Who is online

Users browsing this forum: No registered users and 8 guests