Tennessee Mobile Home Purchase Agreement
Description
How to fill out Mobile Home Purchase Agreement?
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FAQ
Are mobile homes taxable property in Tennessee? Yes, under Tennessee Law mobile homes are assessed as real property, as an improvement to the land where that mobile home is located.
A duplicate title can be obtained in person or by mail through your local county clerk's office. Lienholders and out-of-state applicants should apply through the office of the county clerk of the owner's last Tennessee residence.
Bring forms to your local DMV in the county to pay transfer tax and transfer ownership. Only buyer(s) must be present at DMV to transfer title, however ideally buyer and seller go to DMV to transfer title to help expedite any last-minute issues that arise at the DMV. All forms should already be signed.
For the purposes of selling, a new Certificate of Title can be reissued for a mobile home by the local county clerk. Owners must provide: an abstract of land showing legal ownership of the mobile home and any mortgages recorded.
The sale of a new factory-manufactured home is subject to sales tax on the total installed price at one-half of the normal state sale tax rate (3.50%).
To get one, you must have the HUD certification label number or the age and manufacturer of the home along with the full serial number from the data plate. To request a Letter of Label Verification, visit the Institute for Building Technology and Safety (IBTS) or call (703) 481-2010 or send a fax to (703) 437-6894.
A purchase contract is as legally binding as is stated in the agreement itself. A purchase agreement should stipulate acceptable reasons for a buyer backing out of a purchase. Otherwise, once it's signed, you stand to lose your earnest money deposit should you break your contract.
Are mobile homes taxable property in Tennessee? Yes, under Tennessee Law mobile homes are assessed as real property, as an improvement to the land where that mobile home is located.
No mobile home, manufactured home, portable modular unit or house trailer as defined in §55-4-402, shall be moved into or through this state or upon the public roads or highways of this state unless and until the owner, operator or transporter thereof has obtained a permit as required by this part.
Bring forms to your local DMV in the county to pay transfer tax and transfer ownership. Only buyer(s) must be present at DMV to transfer title, however ideally buyer and seller go to DMV to transfer title to help expedite any last-minute issues that arise at the DMV. All forms should already be signed.
