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State Attorney General Barbara Underwood announced that following her office’s investigation into rent-to-own Practices of the Manufactured Home Park industry, 8 have
agreed to major reforms of their practices. As part of the settlement, the owners must reimburse tenants for any down payments and other costs expended and allowing
tenants to rescind their Option to Purchase Agreement. Locally, JKLM Communities of Oneonta, who own the Valley Stream Trailer Park in Oneonta, has agreed to
discontinue rent-to-own practices found to be unlawful, the Attorney General’s office will continue to work with the New York Housing Association and its members to
reform practices for the benefit of manufactured home park tenants throughout the state.
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agreed to major reforms of their practices. As part of the settlement, the owners must reimburse tenants for any down payments and other costs expended and allowing
tenants to rescind their Option to Purchase Agreement. Locally, JKLM Communities of Oneonta, who own the Valley Stream Trailer Park in Oneonta, has agreed to
discontinue rent-to-own practices found to be unlawful, the Attorney General’s office will continue to work with the New York Housing Association and its members to
reform practices for the benefit of manufactured home park tenants throughout the state.