What From Do I Need to Sell a Manufactured Home?
Full Question:
Answer:
The answer will depend on how you structure the transaction, such as whether you wish to offer a lease with option to purchase, accept a promissory note and wish to have a security interest in the home, whether you will be assigning the lot lease, etc. A bill of sale may be used to sell a manufactured home.
Please see the following SC statute:
§ 27-50-40. Disclosure statements; contents; owner
options.
**Update notice: This section has been amended by
ACT NO. 141 OF 2010
(A) The owner of the real property shall furnish to a
purchaser a written disclosure statement. The disclosure
statement must contain the language and be in the form
promulgated by the commission and the form may be delivered
electronically through the Internet or other similar
methods. The commission may charge a reasonable fee for the
printed form but shall post the form for free downloading on
its public website. The disclosure statement must include,
but is not limited to, the following characteristics and
conditions of the property:
(1) the water supply and sanitary sewage disposal system;
(2) the roof, chimneys, floors, foundation, basement, and
other structural components and modifications of these
structural components;
(3) the plumbing, electrical, heating, cooling, and other
mechanical systems;
(4) present infestation of wood-destroying insects or
organisms or past infestation, the damage from which has not
been repaired;
(5) the zoning laws, restrictive covenants, building codes,
and other land-use restrictions affecting the real
property, any encroachment of the real property from or to
adjacent real property, and notice from a governmental
agency affecting this real property;
(6) presence of lead-based paint, asbestos, radon gas,
methane gas, underground storage tank, hazardous material or
toxic material, buried or covered, and other environmental
contamination; or
(7) existence of a rental, rental management, vacation
rental, or other lease contract in place on the property at
the time of closing, and, if known, any outstanding charges
owed by the tenant for gas, electric, water, sewerage, or
garbage services provided to the property the tenant leases.
(B) The disclosure statement must give the owner the option
to indicate that the owner has actual knowledge of the
specified characteristics or conditions, or that the owner
is making no representations as to any characteristic or
condition.
(C) The rights of the parties to a real estate contract in
connection with conditions of the property of which the
owner has no actual or constructive knowledge are not
affected by this article.
(8) existence of a meter conservation charge, as permitted by
Section 58-37-50, that applies to electricity or natural gas service to
the property.
