Mobile Home Park Lot Rent | Explained

Whether you're a homeowner or a resident, lot rent is an important part of living in a mobile home community.

Land-lease Communities:
• Most mobile home parks operate as land-lease communities
• Homeowners rent the land where their home is placed
• You may own the home, but you still pay for the lot space, a.k.a. "lot rent"

How Does Lot Rent Work?:
• Lot rent works just like any other type of rent
• Residents pay for the lot space during the specified rental period
• Rules and policies are outlined in the lease agreement

Pass-through Fees:
• Sometimes lot rent may include pass-through fees
• These are expenses required to operate the park property
• They are different from you base lot rent
• Some parks may include pass-through fees in your lot rent
• Other parks may bill for these costs separately

Pass-through Fee Examples:
• Common area maintenance
• Park property taxes
• Insurance
• Utilities and amenities
• Janitorial and security services
• Supply costs

Always Remember:
• Carefully review your lease agreement
• Understand its terms
• Don't get caught by surprise expenses

Lot Rent increases:
• Residents can expect some increases in lot rent on an annual basis
• A good rule of thumb is to check the Consumer Price Index
• Example: if lot rent is $1000/mo, and the CPI is 3%, you can expect your lot rent to increase by $30 the next year.

Join us as we break down the basics, covering what lot rent is and how it's typically calculated by park owners and operators.

#mobilehomeparks #mobilehomes #lotrent #siterent #passthroughfees

Produced by Shelter Press - the content studio and blog for MHBO.com

First published: January 17, 2024
Updated: May 01, 2024

Contact us at: [email protected]

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