NY-AG v. Garden Homes Management, Inc.

Garden Homes Management, Inc., Harper Homes, Inc., Hoffman Homes, Inc., Horizon Land Company, JKLM Communities, Inc., Kingsley Management Corporation, Inc., Sun Communities, Inc., and UMH Properties, Inc. allegedly engaged in rent-to-own practices that lacked basic tenant protections. According to NY-AG, these practices involved marketing "rent-to-own" and "lease-option" contracts as home sales, which appears to allow the owners to operate in a "gray" area. They allegedly required optionees to make significant financial investments in the manufactured home in the form of non-refundable down payments and responsibility for all repairs and maintenance.

Summary generated from official New York Attorney General press release