Visiting a Park Resorts Ltd holiday park for a holiday puts you in a good frame of mind. Beware of the VERBAL promises by Park Resorts Salesmen of how you can buy a caravan with a small deposit and the finance supplied by them will pay for itself each month with very very PROMISED OPTIMISTIC rental income. If the company makes you a promise ask for it in writing signed by a director listed at companies house as staff turnover is very high and normally changes every season. This means your verbal promise of rental income that is unlikely to transpire can never be taken to court as misold as you probably will not see the sales (high commission based) person after the season has ended. Leaving you with high finance payments to pay each month on a rented plot of land that you can be told to vacate your caravan from in 30 days with a cost of 15% of your caravan to take it off site plus discoonection charges for water & electric. Beware of any VERBAL PROMISES and seek a solicitor before signing up as you are making a big commitment to pay for many hidden charges with a contract that COSTS to terminate. BE AWARE that park resorts caravans devalue very quickly should you want to sell which has to go through them at 15% they rarely buy back unless at a very low price less the extra termination charges. As you do not own the land that your caravan is sited on and cannot seek legal protection from normal leasehold or Park Homes legislation you have very little rights and must not do anything tp upset Park Resorts as they will ask you to remove your caravan at a cost. Advice - find some cheap freehold land and buy a second hand caravan on ebay reasonable ones from £4,000 (where do you think Park Resorts get them from at the market rate). Goodluck with being careful to get advice first from caravan organisations to avoid an expensive venture. Remember if you get the verbal promise in writing you can take them to court and you may find that they will not put the verbal promise in writing for that very reason.
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