The news that your park has been sold can come as quite a shock. In many cases there might be rumours of an impending sale, but in some, the first you hear of it is a letter from the new owners!
A new park owner isn’t always a bad thing, although they will invariably want to make a few changes. The most important thing to recognise though is that your agreement will still stand so don’t be tempted or pressured to sign a new one.
However, there are a few things to bear in mind...
BE PREPARED!
Make sure that you have your copy of your licence agreement and all its terms. Ensure that you have all relevant parts and try to find any purchase documentation and any email or text exchanges too. Don’t be tempted to hand over any of your documents – we were consulted over a situation where the new owner ‘borrowed’ licence agreements for ‘their records’ that later mysteriously got mislaid.
CHECK YOUR PAPERWORK!
Your pitch licence will only last as long as the ‘agreement period’. So long as you have a number of years to run on the agreement your licence will continue to the end of the agreement period. In most contracts this information is noted in ‘Part 1’ of the agreement. For example...
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Published on 24 August 2022 By Jenny Blumsom