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.
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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
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
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
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