Can a Park Home be passed on in a will?

Yes, Park Homes can be passed on in a will. If it is left to a party currently not resident on the park, then they may only occupy the home if they meet the age restriction which on Red Deer Village is exclusively for 50+ residents. The Heirs may sell the home if they so wish.

If the home is left to the deceased’s husband or wife (living with them on the park) then the surviving partner can inherit the home and the rights for the home and continue to live on the park.

Passing the park home on to heirs includes transferring the agreement to the new owner. However, the 10% commission payable on the sale of a home does not apply when ownership is transferred due to inheritance, as no money has changed hands.