What is lot rent?

Question

I am looking into buying a mobile home and most of them have a listed price and then a lot rent. Does this lot rent have to be paid monthly.

Answer 1

yes
you maybe buying the home, but you will be renting the ground
you also have to pay property taxes
what a scam

Answer 2

Actually you are buying the movable part of the home. Apparently you are planning to park it in a mobile home park. You will not own the land you park on and will rent a place to park. The lot rent is usually paid by the month and is usually much less than the rent on an apartment. Also since you own the walls you can use a nail to hang pictures if you want to but be careful the walls on most mobil homes are very thin and flimsy.

On the other hand if you are thinking of buying a mobile home and are asking this question here you probably need to consult an attorney before signing anything.