Q: Can a property manager of a mobile home park buy a home pay the park rent & then rent the mobile home out for a profit
The manager bought the home to rent out for more $ than what he is charged in rent at a property he manages .Is this a conflict of interest or ethical
A:
Subleasing a property in which one is a tenant is ok as long as the landlord permits it. If the principal lease agreement forbids it without prior approval of the landlord, the tenant risks being declared in default under his lease terms, if the landlord doesn't like it, (subject to any notice requirements and grace periods). Whether such a situation creates a conflict of interest probably doesn't doesn't raise any legal issue.
PS: My comments here are for general information only and are not legal advice about your specific situation, nor do they create an attorney-client relationship between us. Consult an attorney in your state for legal advice.
A: As long as the Park rules do not prohibit renting the mobile home to approved tenants, I see no problem legally or ethically. If he bought the mobile home below market value or without an opportunity for others to try to purchase it, then there might be a problem but even then, it would likely only be between the prior owner and the buyer/park if the park is the one that sold the home to one of their own.
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