I have sold fixed real estate via lease purchase, but not a MH. Usually a form of owner financing consisting of two agreements - a rental/lease agreement and an agreement to purchase at some future date for a predetermined price. For example rental/lease for three years and then the purchase agreement is to be executed.
Often a portion of the rental/lease is applied towards the purchase price. If the buyer fails to execute the purchase agreement portion of the deal there is no reimbursement of the rental/lease percentage. The deed or ownership of the property and tax responsibility stays with the seller until the purchase is executed. Often the upkeep and maintenance are the buyer responsibility. Of course all terms and responsilities are negotiable.
An example of where a lease purchase can be a favored financing vehicle is when the buyer currently has poor credit or other issue and cannot today obtain 3rd party financing, but expects to be able to do so in the future - and execute the purchase at that future time using 3rd party financing.
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.