Let me explain. In a Mobile Home Park, the LAND is owned by the owner of the Park. You can own the moblie home, on an allocated SPACE in the Park, and so you are then paying the "Space Rent" to the park owner, as you do not own the land on which the mobile home sits on. You only own the structure and are paying the space rent for this structure sitting on the Park owners land! Yes, it is quite high most times...the rent may increase sometimes while the mobile home value only decreases as time goes by.
Hope this helps. If you need any other information or help, please feel free to call me 408-7773823.
Be well and safe,
At 314, it is $942
At 418, it is $1349
At 89, it is $1440
At 113, it is $790
Let me know if you would like any further info, or to see inside any of these homes. Also when a home changes hands, the park can increase the space rent by a %. Typically the space rent will be higher the more times a home has change hands.