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In Massachusetts, mobile home park owner Tom Lennon came under fire for raising mobile home lot rent by nearly 150%. In February, the monthly rent at his West Street Village Mobile Home Community ...
Someone buying a $185,000 manufactured home with 20% down would pay around $960 in principal and interest a month on a 30-year mortgage, nearly as much as the Belmont mobile home park charged for ...
A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than ...
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect." [2] Despite the formal definition, mobile ...
Mobile homes are often sited in land lease communities known as trailer parks (also 'trailer courts', 'mobile home parks', 'mobile home communities', 'manufactured home communities', 'factory-built home communities' etc.); these communities allow homeowners to rent space on which to place a home. In addition to providing space, the site often ...
The claim that no rent or similar obligations are due from the owner of property in fee simple is only partially true. For example, a rentcharge may exist requiring a freeholder to pay a fixed sum of money closely resembling rent, and many jurisdictions have created financial obligations that may be imposed on a freehold estate.
For eight years, James Lesane paid what he could for his mobile home lot rental every month — $150. With a fixed Social Security disability income of about $791 a month, Lesane said it's ...
In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2] In economics, ground rent is a form of economic rent meaning all value accruing to titleholders as a result of the exclusive ownership of title privilege to location. [3] [4]