Option 10—Require maintenance and capital replacement plans

This option provides benefits for home owners including improved transparency, improved maintenance and amenity of parks, improved home owner satisfaction and fewer disputes reducing the costs associated with dispute resolution. The cost of preparing plans is estimated at approximately $15,000 for establishment, and $7,500 for administrative maintenance thereafter. This equates to approximately $130 per home per year for a median sized park. This option scored 6/9 on its contribution to policy objectives and was selected as a component of the preferred package of reform options due to its contribution to resolving issues not otherwise addressed in the reform package.

This is a summary of the impacts of option 10 only. For the full impact analysis, read chapter 7 of the C-RIS (PDF, 3.3 MB).