Rent-to-Own Investigation Considerations for MH Lease Options

The way we, and many others, see lease-options for mobile homes to tenants at mobile home parks is that it's a win-win: for the MHP owner it's a win in that home inventory is being sold off to get closer to a full land-lease community, and it's a win for tenants whose dreams of home ownership are finally coming true for them. But, for a while it has been under scrutiny and extra care is required. Recently, the Federal Consumer Financial Protection Bureau launched an investigation into the $8 billion-a-year rent-to-own industry with sights focused on Rent-A-Center after approximately 3,000 complaints were filed with the FTC in 15 states by customers citing that they were not only harassed for

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