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View Full Version : Lease contract with compounding


gordito4773
Mar 29, 2009, 02:36 PM
I have a lease contract for a home site in a manufactured home park. The park owner has agreed to a 5% limit on increases, yet he is compounding the increase each year. The contract does not mention the compounding. Is this lega?

Fr_Chuck
Mar 29, 2009, 04:33 PM
Is this a lease purchase, or a contact for purchase, or a loan, please be specific.

How long is the lease for ? If the lease ends each year, you have to do a new lease each year.

Please explain in a lot more detail