In Queensland, Land Lease Communities are often known as manufactured home estates or residential parks. Before becoming a home owner in a residential park, there are some important items you need to consider.
It is strongly recommended that you carefully review the conditions set out in the site agreement to ensure that you are clear on all site fees and charges and that you understand the role of the community operator as well as the responsibilities that you have as a home owner.
Although the paperwork associated with moving into a manufactured home estate is not complex it is a good idea to seek independent legal and financial advice to review all the terms and conditions before committing to the purchase of a home and signing a site agreement.
This is the legal agreement signed between you, the home owner and the community operator. Site agreements govern all rights and obligations of both operator and resident; they must include the detailed terms and conditions applying to fees and charges, complaints processes and the grounds on which a site agreement can be terminated.
The detailed information in the two Disclosure Statements (Initial Disclosure Statement Form 1A and Supplementary Disclosure Statement Form 1B) is provided before entering into the site agreement. There is a cooling-off period with the pre-contractual disclosures.
More information on cooling off periods is here
Learn more about Site Agreements before you sign. It is always a good idea to get legal advice before entering into any sales contract for a home or arrangements for a site. You should also do your homework in learning about your rights and obligations when you enter a manufactured home park.