Are you looking for a holiday home

Posted by Oliver Sowton on
Are you looking for a holiday home
If you are considering buying a home by the sea here is what you need to know: 

It is common for holiday parks to offer holiday homes for sale in addition to short term holiday lets.

These can either take the form of static caravans or holiday chalets. 

When purchasing a static caravan, you may be purchasing the caravan itself whilst also paying a yearly pitch fee to the operator to keep the caravan on site.  The park may charge you extra to use any common facilities and this will vary from park to park.

Holiday chalets are often let to tenants on a long lease.  The tenant will obtain an interest in land for a term of years. The lease will govern how the holiday home is to be used and will give details of the running costs involved.

If you are thinking of purchasing a holiday home, it is sensible to consider the following.

  • What are the costs involved? In most cases, this will involve a payment at the outset with an ongoing obligation to pay either rent or pitch fees. There may be other outgoings to consider such as insurance, water rates and Council Tax. These fees and outgoings may increase yearly and you will wish to ensure that you have full details of the mechanism for any increase.
  • Can I use my holiday home all year round? Some holiday parks have use restrictions imposed on them by the Local Authority whereby a park can only be open for a number of months in any one calendar year. The Local Authority and/or the park operator should be able to provide further details.
  • Can I let my holiday home to any other person? Most park operators will operate a letting scheme which will allow holiday home owners to let to third parties. Again, the terms and conditions of letting will vary from park to park and you may wish to check these are acceptable. The terms of any further letting should also be set out in the lease, if applicable.

When purchasing a holiday home, it is important to check the terms and conditions carefully and where you are obtaining an interest in land it is recommended that you take independent legal advice before committing yourself to any purchase.

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Olly's main practice areas include the sale, purchase and asset management of commercial property.

Oliver Sowton
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023 8085 7111

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