Land Lease Mobile Homes
Land Lease Manufactured Homes & Mobile Homes Explained
Land lease mobile homes or manufactured homes that are on lots where a lot rent is paid monthly are considered homes on a land lease basis. These are different when compared to a cooperative share where you purchase interest in the entire manufactured home community.
This simply means that the mobile home is purchased and a monthly lot rent is paid on the lot that the home is located on. Depending on the community, the lot rent may include garbage and recycling pick up weekly or in some instances twice weekly, use of the amenities, lawn care, sewer, and water.
When purchasing, ask your agent or the community office what is included in the lot rent. The lot rent may increase each year. You can ask your agent or the park office as to the history of any annual lot rent increases.