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Mobile Home Purchase Agreement

Mobile Home Purchase Agreement Template for United States

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Key Requirements PROMPT example:

Mobile Home Purchase Agreement

"I need a Mobile Home Purchase Agreement for selling my 2020 Clayton manufactured home to a private buyer, with specific provisions for transportation to their mobile home park in Arizona and a financing contingency clause as they're securing a loan for the $85,000 purchase price."

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Document background
The Mobile Home Purchase Agreement serves as a crucial legal document for transactions involving manufactured housing in the United States. This agreement is essential when transferring ownership of a mobile home from seller to buyer, whether the seller is a private individual, dealer, or company. The document must comply with both federal regulations (such as the HUD Code) and state-specific requirements, which can vary by jurisdiction. It typically includes detailed information about the mobile home's specifications, purchase price, payment terms, warranties, and responsibilities of both parties. The agreement also addresses unique aspects of mobile home transactions, such as transportation arrangements, setup requirements, and mobile home park regulations where applicable. This comprehensive document helps protect both buyers and sellers by clearly defining all aspects of the transaction and ensuring compliance with relevant laws and regulations.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Brief context of the transaction and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the mobile home including make, model, year, VIN, and specifications

5. Purchase Price: Total purchase price and payment terms

6. Title and Registration: Details about title transfer and registration requirements

7. Closing and Possession: Closing date and possession terms

8. Representations and Warranties: Statements of fact and guarantees by both parties

9. Governing Law: Applicable state law governing the agreement

Optional Sections

1. Financing Contingency: Terms related to buyer's financing requirements - include when buyer requires financing to complete purchase

2. Site Location: Details about where the mobile home will be located - include when the sale includes or requires specific location arrangements

3. Transportation: Terms for moving the mobile home - include when transportation is part of the agreement

4. Park Approval: Requirements for mobile home park approval - include when the home will be located in a mobile home park

Suggested Schedules

1. Schedule A - Property Specifications: Detailed specifications and inventory of the mobile home

2. Schedule B - Inspection Report: Results of any professional inspections

3. Schedule C - Title Documentation: Copies of current title and registration documents

4. Schedule D - Site Requirements: Specifications for installation site and setup requirements

5. Appendix A - Warranties: Manufacturer's warranties and additional warranty terms

6. Appendix B - Disclosure Statements: Required state and federal disclosures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Industries

National Manufactured Housing Construction and Safety Standards Act: Federal law (HUD Code) that regulates the construction and safety standards for manufactured homes in the United States

Truth in Lending Act (TILA): Federal law requiring disclosure of key terms and costs in lending transactions, including mobile home financing

Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes and prohibiting kickbacks and referral fees in real estate transactions

Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions, including mobile home financing

Fair Housing Act: Federal law prohibiting discrimination in housing transactions, including mobile home sales and financing

State Mobile Home Laws: State-specific legislation governing manufactured housing, including titling, sales, and consumer protection

State Real Estate Laws: State laws governing real estate transactions, which may apply if the mobile home is classified as real property

State Consumer Protection Laws: State-specific laws protecting consumers in transactions, including mobile home purchases

State Titling Laws: State regulations determining whether mobile homes are titled as personal property or real estate

Local Zoning Laws: Municipal regulations governing where mobile homes can be placed and how they can be used

Mobile Home Park Regulations: Local rules governing the operation of mobile home parks and requirements for residents

Building Codes and Permits: Local requirements for installation, setup, and modification of mobile homes

Transportation Requirements: Local and state regulations governing the movement and transportation of mobile homes

Uniform Commercial Code (UCC): State-adopted standardized laws governing commercial transactions, including mobile home sales

Property Tax Regulations: State and local laws governing how mobile homes are taxed as either personal or real property

Insurance Requirements: State and lender requirements for insurance coverage on mobile homes

Environmental Regulations: Federal, state, and local environmental requirements affecting mobile home placement and installation

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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