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You can buy a manufactured home where you own the property in or outside a Mobile Home Park (MHP) or where you rent the space. Most manufactured homes are accessed property taxes, however, you can determine the tax by contacting the county tax accessors office.
If your Manufactuired home is in a MHP and you pay space rent as a tennant and decide to move, you'll have to sell your home because most all MHP's forbid renting of any kind. The buyer must qualify to become a tennant, so it's essential that buyers are qualified to become tennants so getting a new tennant package that details the eligibility requirements is very important.
The space rent is determined by the location of the property, the ammenities and general condition of the MHP. Some MHP's are very restrictive in size, are poorly maintained and managed, consequently rents are generally lower. So choosing a MHP is as critical as choosing a neighborhood, isn't it?
Another consideration is the amount of rent a new tennant must pay to become a resident. It is not uncommon that a new tennant must pay several hundred dollars more than a current tennat is paying, which most often makes it challenging to sell a manufactured home. Some MHP's offer 1, 5, 10 year lease arrangements or even month to month, so it all depends on a buyers circumstances, doesn't it?
Wed Sep 23 2009, 02:48