The decision to waive any legal right is a personal one. MHCW strongly recommends against giving up your rights by waiving the secured party obligation to pay rent. MHCW fought long and hard to have the secured party provision (RCW 59.20.074) inserted into the statute. It means you are paid the rent in a repossession circumstance. It has been our experience that lenders will still finance the homes without the waiver.