"Condominium" park

[wiguel]

Ran across the term "condominium park" the other day.

Can you expand on this? What would be involved in converting an existing space rental only park to such a structure?

Would appear to benefit existing tenants and increase the value of their homes.

Thanks for your time

Wiguel

[admin]

The Florida State ROC Network Represents over 34 resident-owned manufactured housing communities on the Florida Suncoast, including St. Petersburg, Clearwater and Pinellas County. Manufactured Resident home communities are incorporated in three ways: Condominiums Each home is on a deeded lot and the common area expenses are shared and managed by a board of directors elected by the home owners. Governed by State Statute #718. Cooperatives A cooperative Corporation owns and manages the land (common Property) and leases Lots to the homeowner. The lease, as defined by the courts of the State of Florida is a defacto deed, Each homeowner is issued a share in the corporation, elects a board of directors and shares in the expenses of the common areas. Governed by Florida State Statute 719. Sub-divisions Similar to a condominium but organized under Florida State Statutes #720. Click Here for a listing of member communities