Homeowners in LLC Now Have State Regulatory Protection

The South County Independent says the Washington County Superior Court judge in South Kingstown, Rhode Island, has ruled that Wakoma Park is legally a land lease community (LLC), supporting a ruling by the Department of Business Regulation (DBR).  The Wakoma Park Homeowners Association has been trying for two years to have the manufactured home community declared an LLC.  The ruling means Wakoma Park will have to abide by statutory regulations and licensing that govern such entities, including possible state involvement in dispute resolution.  Owner Shore Line Realty contends the facility is a seasonal resort with part-time water supply, reasoning the judge rejected.  Shore Line has 20 business days to appeal the ruling to the state Supreme Court.

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