We hope that all sellers abide by “my word is my bond” but we all know that’s rarely the case. Instead, we have to write lengthy legal contracts to ensure that things go as planned. And one key component to any RV park purchase contract is the “specific performance” provision. In this RV Park Mastery podcast we’re going to discuss this rarely-mentioned contract item, and why it’s an essential piece to any legal document. As you’ll see, it’s little things like “specific performance” that can make a contract truly binding or not.
Welcome to the RV Park Mastery Podcast, where you will learn the correct way to identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn-around and operate RV parks. Your host is the 5th largest owner of RV and mobile home parks in the United States, Frank Rolfe.