Buying Into A Village - Information Sheet B1
Manufactured Homes in Land-Lease Villages
Owning a manufactured home in a land-lease village is very different to owning a conventional house, and there are substantial differences between the laws governing the two.
Buying Into A Village - Information Sheet B2
Site Agreements and Legislation
Under the Residential Tenancies Act 1997 (Part 4A), and the Residential Tenancies Amendment Act 2018, when you buy into a Land-Lease village in Victoria, you will need to sign a written contract with the site owner, commonly known as a Site Agreement.
Buying Into A Village - Information Sheet B3
Prohibited Terms
There are several things that are not allowed, under the law, to be included in a site agreement.
Buying Into A Village - Information Sheet B4
Condition Reports
When buying into a land-lease village, prospective buyers must be given 2 copies of a Site Condition Report, prepared by the village owner or their agent, before they move in.
Buying Into A Village - Information Sheet B5
Exit Fees
One of the largest fees for home owners, may be a Deferred Management Fee (DMF) or as it is often known, an Exit Fee. Not all village owners charge DMFs but they are currently quite common.
