Late lot rent scenario.

[Bobby Larsen]

I am considering my first mhp investment. What happens in the following scenario: A tennant owned mobile home is late on lot rent. Let’s say the mobile home is 30 plus years old therefore not having much resale value especially when considering the cost to relocate. What can the park owner do? Can the park owner take ownership of the mobile? Even if this process is stated in the lease it seems like it could create a legal nightmare. Thanks!

[Rachel H.]

@Bobby Larsen Yes, you'd go through the same process for eviction. Depending on your area, the steps could be more specific for mobile home park owners. In cases of abandonment, you may need to file for abandonment (if you own the land). Check with your local manufacturing entity in charge of titling mobile homes for more info. Good luck!