This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Arbitration is a process where a neutral third party decides the outcome of a claim. Whether it's good or bad for you depends on your case.Rental arbitrage is a business model where an individual or entity rents a property longterm and then rerents or sublets that property on a shortterm basis. Sports betting arbitrage involves placing bets on all possible outcomes of a sports event with different bookmakers to ensure a guaranteed profit. Arbitrage is a financial term that means taking advantage of different prices for the same assets in different markets. Airbnb rental arbitrage involves leasing a property longterm and then renting it out shortterm on platforms like Airbnb.