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There’s a reason why manufactured homes cost about half the price of a single-family home of similar square footage : “In most mobile home parks, you own the trailer, but you’re just leasing the land,” explains Carl Young , a a top real estate agent in Knoxville, Tennessee. MORE
Example: Land lease. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Reason was it was the last portion of the block of land, and the owner wouldn’t sell, but did agree to the land lease. MORE
Land lease Related Topics McKissock
SEPTEMBER 1, 2020
Example: Land lease. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Reason was it was the last portion of the block of land, and the owner wouldn’t sell, but did agree to the land lease.
HomeLight
OCTOBER 26, 2020
There’s a reason why manufactured homes cost about half the price of a single-family home of similar square footage : “In most mobile home parks, you own the trailer, but you’re just leasing the land,” explains Carl Young , a a top real estate agent in Knoxville, Tennessee.
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