What is the purpose of a land lease in manufactured home communities?

A land lease in manufactured home communities serves the specific purpose of enabling homeowners to place their homes on rented land. This arrangement typically comes with access to community amenities such as recreational facilities, maintenance services, and other shared resources. Homeowners do not own the land outright, which can reduce the initial cost of homeownership since they are only responsible for the structure of their manufactured home and not the land beneath it.

This setup benefits both the homeowner and the community as it fosters a shared living environment while keeping housing costs lower than purchasing land. Homeowners can still enjoy the benefits of living in a community setting and can often have easy access to amenities that enhance their lifestyle.