TRANSPORTABLE HOMES

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Term : Transportable Residential Home

For the purposes of this instruction only, a transportable residential home is a small to medium sized single dwelling that is manufactured in a workshop in two or more parts and has the following features :

  • designed for permanent domestic occupation (either owner occupied or tenanted)
  • affixed on a site for which there is an individual certificate of title or conveyance
  • affixed on fixed foundations or secured to concrete pads (not bolted) and is considered to be a permanent fixture
  • requires more than 24 hours to join in sections together and to connect the building to available services (eg. electricity, water).

Releasing funds

The table below can be used to determine when credit facilities may be funded against the security of a mortgage over real property upon which a transportable home is to be, or has been, affixed.

If the building is Then funds cannot be released until
An existing and fully installed transportable home. - All applicable documentary procedures have been completed and documents signed, including the statement of permanent fixture.
A transportable home to be installed. - All applicable documentary procedures have been completed and documents signed, including the statement of permanent fixture.

- It has been confirmed by inspection of the site that the building is fully installed (ie. placed on fixed foundations or secured to concrete pads (not bolted)) and services connected.