Frequently Asked Questions

How quickly do I get my cash?
We offer cash at closing, by check or wire transfer. We will work to close our purchase as quickly as possible to accommodate your needs. You get your money the day you close.

How does IHL keep housing affordable for me?
In a time of rising housing costs and with builders and developers focused on luxury homes, we are committed to preserving affordable housing for hard working Americans. If we buy the land your home sits on through our Sell & Stay Program, your lease will come with a yearly renewal option. Subject to the terms of your lease,* you can rent from us as long as you want. Rent increases will be limited to increases in the Consumer Price Index.

* See “If I sell my land to IHL, how long can I stay in my home?” and “Under what circumstances can IHL terminate my lease?” below.

What does IHL mean by affordable?
We focus on providing each of our tenants and neighbors with a rent they can afford. State and local governments, and public and private groups who study housing, offer various measures of affordability. IHL uses these measures as guidelines in working with tenants to preserve affordable “workforce” and market-rate housing.

Our tenants are the best judges of what they can afford and our offers are made with no obligation. Whether you sell your land and rent it back from us is always up to you.

When I sell my land, what does IHL buy and what do I keep?
When you enter into a sale agreement with IHL, we buy your land and you keep your home and the improvements attached to it, including utility hookups, and septic systems.

IHL also takes a "security interest" in your home, which provides us with protection in the event you do not pay rent or otherwise do not comply with your lease. IHL does not own the home but may offset past-due rent and other obligations against the value of your home in the event you do not comply with your lease.

If I sell my land, who pays for taxes, maintenance, and other expenses?
Because we own the land, we pay the property taxes. IHL's tenants are responsible for maintaining their homes, paying for their utilities and any insurance tenants decide to purchase, and for complying with all local zoning, building, and other codes and regulations, including landscaping and other maintenance obligations associated with any improvements to the land around their homes.

How can IHL help with my insurance payments?
Many Florida homeowners are struggling with sky-high and ever-increasing insurance payments, which are often required by home lenders.

If your lender requires you to pay for insurance you can’t afford, IHL may be able to pay off your mortgage, giving you the option to stop paying for unaffordable insurance.

It’s important to understand that, if IHL pays off your mortgage, you will still own your home and you will be responsible for maintaining it.

IHL does not become your insurer and IHL will not replace your home if something happens to it. In the event of a catastrophic event such as a major storm or fire, if you do not have homeowner’s insurance covering the loss, you will be responsible for replacing your home and IHL will not do so but will give you the option to terminate your lease.

If I sell my land to IHL, how long can I stay in my home?
Unlike many other landlords and “trailer park” leases that may shock you with increasing rents, our goal is to provide you with financial stability and predictability.

Our leases offer a yearly renewal option that allows tenants to renew their leases each year provided they pay their rent on time and meet their other lease obligations.

Tenants have no obligation to renew their leases and can terminate their leases following catastrophic events such as major storms or fires that destroy all or a major part of their home.

Lease renewals are contingent on compliance with your lease terms, including timely payment of rent and keeping your home and the surrounding land, including land improvements, structures, utility hookups, septic systems, and landscaping, in compliance with all state and local zoning and building codes along with any other applicable laws, rules, and regulations, including any homeowner association rules and regulations.

Tenants may terminate their lease at the end of any lease term by providing 60-day notice and at any time with 90-day notice, subject to a one-month termination fee. Tenants may also terminate their lease following certain catastrophic events outside of a tenant’s control, such as major storm damage, with no penalty or notice.

IHL’s goal is to provide financial stability for our tenants but, under certain circumstances, IHL may not be able to renew your lease.

IHL reserves the right to terminate your lease in the event of ongoing or repeated delinquencies, failure to maintain your property, failure to abide by applicable zoning, building, fire safety, and other governmental codes and obligations, and in the event of our insolvency, bankruptcy, or other restructuring, or foreclosure by our lenders.

Under what circumstances can IHL terminate my lease?
As with other landlords, IHL can terminate your lease if you do not pay rent. Our tenants must also maintain their homes, landscaping, and other structures and improvements as required by local codes and regulations. IHL may terminate your lease if you fail to do so.

IHL offers yearly renewal options to tenants who comply with their lease terms but may not be able to renew leases under certain circumstances, including if tenants do not pay rent, fail to maintain their homes up to applicable codes, or if our lenders foreclose on us, in which case we may no longer control which leases may be renewed or under what terms.

IHL reserves the right to terminate your lease in the event of ongoing or repeated delinquencies, failure to maintain your property, failure to abide by applicable zoning, building, fire safety, and other governmental laws, codes and regulations, and in the event of foreclosure or other adverse action by our lenders. IHL, and IHL’s lenders, may terminate tenant leases in the event of a tenant’s lease default and in the event of our insolvency, bankruptcy, or other restructuring, or foreclosure by our lenders.

What happens if I want to move or sell my home?
IHL understands that plans change and we want to provide our tenants and neighbors with flexibility to meet their life goals. While our leases are offered on twelve-month terms, tenants may terminate their leases before the end of the lease with 90-day notice, subject to a one-month termination fee, and may leave at the end of any lease term by providing us with 60-day notice if you decide not to renew your lease.

If you do decide to terminate or not renew your lease, we ask that you offer us the opportunity to make an offer to purchase your home. If you can get a better price elsewhere, you are free to sell the home to someone else for a higher price although we may not be able to provide a lease to a subsequent buyer and may require that they remove the home rather than enter into a lease with us.

Because IHL tenants own homes on land owned by IHL, we take a security interest (but not an ownership interest) in the structures and improvements on our land, which secures our tenants’ lease obligations. When tenants move, IHL has a right to offset any outstanding amounts due and other obligations against the value of these improvements and tenants must pay all outstanding obligations to IHL before IHL will release its lien.

Can I transfer my lease to a friend or relative?
We value our relationships with our tenants and enter into agreements with people we trust. We also welcome referrals of friends and family members. But because we don’t yet have a relationship with whoever may take over a lease, we can’t guarantee that we can give your rights and affordable rents to someone else.

Why is IHL Interested in “Manufactured Housing?”
We see particular value in “manufactured” housing, meaning high-quality, factory-built homes that provide the same quality as traditional “site-built” housing. Modern, factory-built homes have similar quality to traditional homes, but – just as a factory-built car is less expensive to manufacture than a hand-built custom vehicle – factory-built homes can be constructed for around half the cost of traditional homes while offering the same quality and pride of ownership.