I'm looking at some land in an area where low income houseing is in demand. If I rented lots out to people to place their moble home/ trailer on would that be considered low income houseing? Could I kick them out if they don't pay their rent?
2007-07-18 19:34:27 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Of course you can kick them out if they don't pay rent. I live in California. My rent is due on the 15th. If it is not paid by the 17th at 5pm there is a 3 day pay or quit notice on my door and I have to pay a late fee.
I'm not sure if it's low income housing cause you rent the lots not the trailer homes.
If any tennany does not pay their rent on time go to landlord tennant court and have them evicted. After all, mobile homes are just that, mobile.
2007-07-18 19:46:02 · answer #1 · answered by mac babe 2 · 0⤊ 0⤋
It is only low income if you require them to be low income. Many people live in mobile homes some parks are very nice all triple wides with out buildings and nice porches and garages. Yes if they don't pay you can evict but if they don't have equity they may get foreclosed first, they they are junk trailers they might not find place to move to. You could end up able to buy from them for nearly nothing if they can't find a buyer and can't pay the rent.
2007-07-18 19:40:08 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
It only depends on what the cost of the housing is in comparison to other properties. Just because it is a mobile home park does make it low income. The cost of living in the area has everything to do with it.
2007-07-18 20:07:26 · answer #3 · answered by bpl 5 · 0⤊ 0⤋