What is a Land Lease Community?

A land lease community is a type of retirement living arrangement where individuals own their home but lease the land on which it is located. These communities are also known as manufactured home communities or mobile home parks.

In a land lease community, residents own the mobile or manufactured home that they live in, but they lease the land on which the home is located. This allows residents to enjoy the benefits of homeownership while avoiding the high cost of purchasing land. Residents typically pay a monthly fee for the use of the land, as well as any amenities and services provided by the community.

Land lease communities can offer a range of amenities and services, including recreational facilities, social activities, maintenance and landscaping services, and security. These communities can provide a sense of community and belonging, as well as a range of services and amenities that can enhance residents' quality of life.

Overall, land lease communities can be a desirable retirement living option for individuals who want to own their home while enjoying the benefits of community living. These communities can provide a range of amenities and services, as well as a sense of community and social engagement, at a more affordable cost than traditional homeownership.

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