Lot Rent (Pad Rent / Site Rent)

Lot rent usually covers the site itself, the roads, and the common areas, and sometimes water, sewer, or trash; it does not cover the home, the home's insurance, or repairs inside it. Rules on raising it vary by state. In Florida, parks with 26 or more lots must deliver a prospectus approved by the Division of Florida Condominiums, Timeshares, and Mobile Homes, parks with 10 to 25 lots deliver a written disclosure instead, and Chapter 723 requires at least 90 days' written notice before a lot rental increase, with increases generally limited to once a year and the notices filed with the Division.

The figure matters on both sides of a sale. For a home seller, unpaid lot rent is a closing item that usually comes out of the proceeds, and the park's approval of the buyer as a new resident is the gating step. For a park owner, lot rent times occupied lots times twelve is the top line of the income buyers capitalize; lot rent below neighboring parks reads as upside to value-add buyers, and rent collected on park-owned homes is counted differently, as home rent rather than lot rent.