Leisure homes are often significantly cheaper than residential park homes. This is because the license for a leisure home is usually set for a specific period of time. For example, 15 years, 25 years, or 50 years.
Residential park homes do not have such a time limit and can therefore be used “in perpetuity” as long as fees are paid. This is because, unlike leisure homes, residential park properties are subject to a virtual freehold, which are exceptionally lengthy leases that can be renewed indefinitely.
The issue of council tax is another significant distinction between residential and leisure properties. A holiday property is exempt from council tax, although a residential park home like any other traditional property, is required to pay it.