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 338 Pleasant Ridge Rd, Franklinville, NC LOT 47338 Pleasant Ridge Rd, Lot 47, Franklinville, NC This… More Details $550338 Pleasant Ridge Lot 19, Franklinville NCNice looking 3-bedroom 2 bath Singlewide in a family… More Details $7503 Bedroom in Franklinville338 Pleasant Ridge Rd Lot 5 Spacious 3 bedroom… More Details $6755577 US HWY 64 E LOT #5, RAMSEUR NCBrand new 2021 model 3 bedroom 2 bathroom mobile… More Details $800112 Petunia Lane Denton NC 272392 bedroom 1 bath manufactured home located in a… More Details $495110 Dandelion Dr Denton NCThis one won’t last long, Great location, quiet neighborhood.… More Details $395114 Harvard St Denton NC 273293 bedroom 2 bath manufactured home located in a… More Details $565 Monthly3732 Dove View Ramseur NC3 br 2 ba mobile home located in a… More Details $650119 Dahlia Ln Denton NC3 bedroom 2 bath manufactured home located in a… More Details $5504550 Arrow St, Ramseur3 br 2 ba mobile home located in a… More Details $750 Per Month4618 Ogles Creek, Ramseur, NCNewly Remodeled 3 br 2 ba mobile home located… More Details $650 Per Month338 Pleasant Ridge Rd, Lot 16, Franklinville, NC338 Pleasant Ridge Rd, Lot 16, Franklinville, NC Newly… More Details Your mobile home either rests on your own property or a lot in a mobile home park. If you live in a mobile home park, you will need to pay rent for the right to put your mobile home on their land. Mobile home lot rent can get a bit complicated, so we will cover the topic in detail with this mobile home guide on lot rent. Trailer Park at Night What Is a Mobile Home Lot?A mobile home lot refers to the piece of property your mobile home sits on in a mobile home park. This does not refer to the mobile home itself but the actual property, measured in square footage or acreage. One person or company owns the mobile park, and you rent the lot from the owner. Depending on the mobile home park you choose, you may also be able to purchase or rent a mobile home from them. Ideally, you want to supply a brand new mobile home that you can customize per your preferences. Related Article: How Much Does a New Mobile Home Cost? What Is Covered in the Lease?You will sign a lease when you agree to rent a mobile home lot. In the lease, you will learn the details of the agreement. This lease will keep you and the landlord in agreement and protect both parties from dubious behavior. Some of the common topics covered include;
If you do not follow the rules of the lease agreement, the landlord can fine you or evict you, even if you own the mobile home. For this reason, you should clearly read through the entire document to understand what you can and cannot do. At the end of the lease, you and the landlord will discuss whether you want to move forward with the agreement or not. If you do, you will extend the lease or sign a brand new lease. Related Article: Choosing Land For Your Mobile Home What Factors Affect Price of Lot Rent?Rent for a mobile home lot varies greatly. When you know what things tend to affect the rent the most, you will know what to expect from the lots you look at. Some of the things that affect the price of lot rent include:
Naturally, the size of the lot will affect the price. Larger lots will cost more. Some people need the larger lots for a larger mobile home or for space to grill out and let the dog run around outside.
Your mobile home park provides certain maintenance on the grounds, such as lawn care and other items. Of course, some provide more maintenance than others.
Your mobile home may include certain utilities, such as electricity, water, garbage pickup, and cable services. The more utilities, the more expensive the rent will be. All other utilities not covered must be handled by you.
Naturally, more expensive areas or areas with gorgeous scenery will charge more for rent. Another consideration is that, in some states, mobile home parks cannot exceed a specific amount of rent according to rent control laws in the area. Learn about the different laws in your area to learn more.
Your mobile home park provides certain amenities you get to enjoy, such as a laundry room, pool, community center, and other facilities on the premises. Need a mobile home for your new mobile home lot? Look into double-wide mobile homes from Home Nation for a mobile home you can depend on for years to come with easy purchasing and installation. Beach Mobile Homes What Does Lot Rent Cover?You need to have a clear understanding of what you pay for with your lot rent and what you do not pay for with this monthly bill. What IS CoveredThe lot rent covers the right to place your mobile home on the property. Whether the rent includes rent on the mobile home as well varies from mobile home park to mobile home park. It also provides access to the amenities available at the park and the maintenance provided by the community. Talk to the staff at the mobile park in question to clarify precisely what amenities they offer. Some of the most popular mobile home park amenities include:
What IS NOT CoveredThe things not included in rent you need to cover yourself, so you need to understand the process clearly. Items NOT covered in your mobile lot rent include:
You need to pay taxes on your mobile home, even if you rent the property. The taxes will cost about 1 - 2% of the cost of the mobile home, but it varies from state to state. Your lot rent will NOT cover the cost of your taxes.
If you own the mobile home on the land you rent, you need mobile home insurance on it to alleviate the costs of any unexpected events, such as a robbery or act of God. You will be responsible for the expense of the insurance. Insurance can cost quite a bit for mobile homes, especially in Florida and other areas known for extreme weather that increases the risk of damage. Related Article: Prices Set to Rise for Mobile Homes in 2020 Mobile Home Rent Lot Trends If you recognize the rent trends of mobile home lots, you can prepare yourself for what to expect. The current low rent for mobile home land falls far below alternative options. However, this low rent makes the land less valuable, making it less advantageous for mobile landowners to make sense of the expenses. For this reason, we can expect mobile home lot rent to increase significantly in order to even things out for owners. Luckily, we can also assume that the quality of the mobile homes will increase as well. Want to start your mobile home adventure while lot rents are still relatively low? Learn more about how it works when you order a mobile home through Home Nation! Trailer Park Sign Is investing in mobile home parks a good idea?Mobile home parks allow you to acquire more units for less money. It's the lowest cost investment per unit of any real estate asset class. Most park owners own the land, and not the units themselves. This means the cost of investment is typically a lot less in comparison to the number of units.
How much can a mobile home park raise rent in Arizona?Rent Increases
A.R.S. §§ 33-1413(G) and (I); 33-1432(F). (2) If the park increases the rent in any 12-month period by more than 10% plus the most recent one-year increase in the CPI, the tenant is eligible for assistance from the Mobile Home Relocation Fund.
How much can a mobile home park raise rent in California?State law does not regulate the amount of a rent increase. It is a local control issue. A 90-day advance written notice of rent increase is required. If resident is on a long-term lease, check the language in lease for frequency (not less than every 90 days) and percentage of increases.
Which states have the most mobile home parks?Texas in fact has more mobile home parks than any state in America coming in at 5,176 mobile home parks. That is a lot of parks. Median home price in Texas is a hundred and $56,349 and the average department read is $1,189 a month. What do we know from that?
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