Mobile Homes as Realty
In addition to the guidelines for determining whether improvements are personal or realty in
, the appraiser and reviewer may also consider requirements established in the mobile home industry to determine if mobile and manufactured homes are personal property or real estate. Typical requirements of lending institutions and mobile home industry for manufactured and mobile homes to qualify as realty are that the:
- a Statement of Ownership and Location (SOL) is affixed to the mobile home;
- personal Property Title must be cancelled with TDHCA;
- registered as Real Property with TDHCA;
- tongue of the home must be removed; and
- axles of the home must be removed.
The appraiser or reviewer may also consider if the mobile home has permanent underpinning or attached to a permanent foundation in addition to the above requirements.
In situations where a manufactured or mobile home may be unable to qualify for relocation benefits due to its age and structural deterioration, or be unable to relocate to a mobile home park because of age restrictions, the home may be designated as realty for compensation purposes.