# Lot rent

A term used when buying mobile home park.

The monthly rent a resident pays for the pad under a home they own themselves.

Lot rent is the model's whole engine: the park rents land, the resident owns the home on it, and because moving a manufactured home is expensive and disruptive, occupied lots turn over rarely and collections run strong. The two numbers that price a park are the lot rent against the local market and the occupied-lot count. The classic underwriting story, sub-market rents walked up over several years, is real value and real people's housing costs at once, which a buyer should price with both facts in view.

Part of: Buying a Mobile Home Park (https://searchspheresource.com/guides/buying-a-mobile-home-park)

Source: https://searchspheresource.com/guides/buying-a-mobile-home-park/terms/lot-rent
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt