We, here at The Mobile Home Dealer, specialize in selling one type of mobile home.
This type of mobile home is where the owner of the property owns the home and pays a fee each month to the mobile home park in the form of what is called lot rent.
Lot rent is a payment that may include several different things but, for sure, will cover the usage of the land the the mobile home sits on.
In the state of Florida, when a mobile home has lot rent associated with it then it is viewed as and taxed as personal property and not as traditional real estate.
The reason for this is because a mobile home in this setting comes with a title and not a deed when Buying or Selling the property.
If this sounds much like the purchase of an automobile, then you are 100% correct!
Mobile home parks throughout the Sarasota Florida area may include several different items within the base lot rent.
Some of these may include, what we refer to as, “The BIG Five“:
Usage/Upkeep Of Park Amenities
As you can quickly see, for many mobile home parks that charge lot rent this is less of a land rental price and more of a condo fee as there are so many things that are included within the base lot rent.
Recently, the Sarasota Florida mobile home community has begun to shift their focus and have started to begin charging their residents more in an a la carte fashion. What this means is that some mobile home parks around Sarasota are starting to charge their residents for the usage of water, sewer and even at times lawn care.
As you can see this then adds several different bills that are needing to be paid each month by the resident on top of their lot rent fee.
Although it is too early to tell, we are not sure if this will continue to be a growing trend within the area.
Assuming the mobile home park that you are living in does include The Big Five. then you are looking at an extremely affordable way of living since the only monthly carrying costs that are associated with the property is that of the lot rent, electricity and whomever you select for the usage of cable and internet.
While mobile parks are starting to change the way they view some of these included features that are normally a part of the monthly lot rent, one thing can not be debated and that is the affordability of living in a land leased mobile home park!
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.