mhome lease vs. monthly rent space

Industry pros offer their experience in manufactured housing to help first time buyers to make informed decisions with confidence and peace of mind.
Post Reply
ann

mhome lease vs. monthly rent space

Post by ann » Sun Feb 27, 2005 10:35 pm

Hi,
Does anyone know what is safer to do-- pay a monthly space rent month or sign a lease in a mobile home park? Because I am thinking of buying a home in a park and I heard in October the space rents will go up. I was told this park is on rent control---but I have seen in some parks if you sign a lease a new owner can take over a park and shoot the rents up real high (if you are on a lease) . I want tot get in on the low rent I have been quoted--but is there any state, county, city laws that can guarantee it only goes up by the usual 3% rate incease a year? Or what can I do to protect myself from gypsy (greedy unethical ) park owners?
Ann

Post Reply

Who is online

Users browsing this forum: No registered users and 8 guests