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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 ...
Mobile home parks in the U.S. have become an attractive investment for financial firms such as Carlyle Group, Apollo Global Management and TPG Capital. [14] [3] [2] In the early 2020s, an individual mobile home park can be sold in the tens of millions of dollars. [15] Over 100,000 US mobile home sites were estimated to be owned by large firms ...
Mobile homes permanently installed on owned land are rarely mortgageable, whereas FHA code manufactured homes are mortgageable through VA, FHA, and Fannie Mae. Many people who could not afford a traditional site-built home, or did not desire to commit to spending a large sum of money on housing, began to see factory-built homes as a viable ...
In order to avoid an owner of multiple lots (who likely own the lots for resale or rental property) controlling the HOA's operation (to the detriment of those owners who only own a single lot or two contiguous lots as a current or future residence or vacation home), the Bylaws may limit all owners (regardless of the number of lots owned) to one ...
Each resident or resident household has membership in the co-operative association. In non-equity cooperatives, members have occupancy rights to a specific suite within the housing co-operative as outlined in their "occupancy agreement", or "proprietary lease", [5] which is essentially a lease. In ownership cooperatives, occupancy rights are ...
A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. [1] [2] Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes.