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1. What is lot rent/ground rent?
Lot rent is simply the money that you pay to rent the ground that your mobile home sits on. Being a tenant in a community on rented ground also entitl... » Read more
2.Does lot rent rise? If so, by how much and how often?
Yes, typically lot rents rise every year, usually between 3 to 6%. The closer your home is to any water view, the higher your lot rent will be. Of cou... » Read more
3.Why are there so many mobile homes for sale in Sussex County?
A very large portion of homes on rented ground in this area are considered to be vacation homes. When the economy reaches a point that it's at now, us... » Read more
4.What are the chances that the land could be sold out from under my mobile? Would I have to move it? Where could I move it to?
The chances of the land being bought by anyone intending to use the property for anything other than a mobile home community is possible, but very sli... » Read more
5.My bank tells me that a mobile home on rented ground can't be financed, is this true?
No, not at all. It's true that a lot of banks and lenders tend to shy away from financing this type of property. But that doesn't actually stop you fr... » Read more
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