Option 3—Simplify the sales and assignment process

This option will make it easier for home owners and park owners to buy and sell homes by reducing the complexity of the sale process and improving the assignment processes in the Act. It also safeguards the more beneficial terms of an existing site agreement for a buyer by requiring these to be transferred into the new agreement. Home owners are anticipated to benefit by approximately $3,661,000 compared to the status quo over 10 years, and park owners are anticipated to experience an equivalent cost. Additional savings of $3,252,000 is anticipated for home owners from faster sales and a resulting decrease in the time spent selling their home. This option scored 8/9 on its contribution to policy objectives and was selected as a component of the preferred package of reform options.

This is a summary of the impacts of option 3 only. For the full impact analysis, read chapter 7 of the C-RIS (PDF, 3.3 MB).