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656 Views • May 6, 2024 • Click to toggle off description
Lot rent is the monthly fee you pay in a land lease manufactured housing community. This fee generally covers leasing the land under the home as well as the use of amenities and the maintenance and management of the common facilities. It is similar to the rent paid in apartments or rental homes except lower because you’ve purchased the home. So why does it get such a bad rap?
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Uploaded At May 6, 2024 ^^


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RYD date created : 2024-05-07T15:09:14.095195Z
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YouTube Comments - 8 Comments

Top Comments of this video!! :3

@donnarandall9735

4 months ago

In my case, I have the cash for a nice used home, BUT the lot rent has gone up great since EIN . IT IS NO LOBGWR AFFORTABLE. I AM A SINGLE SENIOR WITH NO ONE TO HELP WITH THE RENT. I AM RETIRED ON SOCIAL SECURITY OF $1,300 a month. That's why we hate a lot rent. I am fgoing to be homeless soon. I am not looking for activities, golf , parties. I just want to live in a home. No extras are desired. Lot rent is going to make me homeless real soon. I don't have the money they are requiring anymore . Gone way way up. I don't want to go to activities and all that extras for lot rent. Just a place I can afford as close to $500.00 a month, and even that would be hard

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@trainstation56

4 months ago

Agreed! No real value as the price can go up!

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@aretheybiting2251

4 months ago

In that case, it would seem the best option would be to rent BOTH the lot and the home. This way when they raise it beyond your tolerance, you just pack up leave, right? The way it is now, you have to have a firesale on the price of your home to get the heck out before the next Jan 1st increase. What say yee?

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@orion3706

4 months ago

I don't think people hate lot rent. I think they hate the inexplicable increase in lot rent in such a short amount of time. Everyone expects lot rents to increase. But when they double or triple in just a few years, therein lies the problem.

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