What is Leased Land?
'Leased land' is simply land that is leased, similar to the way you rent an apartment. You make payments but will never own it.
What is Ground Rent?
'Ground Rent' is your monthly or yearly payment to rent leased land.
How often does ground rent increase?
Unfortunately ground rent is similar to the price of gas and bottled water in that it seems to increase every year just like the cost of everything else.
Mobile Homes on leased land are affordable because the price of the land sitting under the house is not included in the purchase price. It is rare these days to find a mobile home community with ground rent fee of less than $3000 a year. Most mobile home communities charge between $5000 and $8000 a year with many land lease mobile home waterfront lots priced between $10,000 and $15,000 a year.
Ground rent amounts listed on our website are yearly. If purchasing a mobile home always contact the community management prior to signing any contracts to verify what the ground rent will be when you move in.
We receive calls almost every day from people who do not understand that land has value and ask us why we can't find them the same mobile home for $50,000 on land they own as a $50,000 mobile home on rented ground? Please look at the price of Rehoboth Beach Lots and Land if you still wonder why we can't find you a newer mobile home on ground you own for less than $150,000
You can 'Search by Ground Rent' on our website to locate properties with lower than average land lease fees.
Lewes Beach - 99 year renewable leases.
Dewey Beach - Land owned by Rehoboth by the Sea. Many of these leases are nearing their end dates.
Baywoods - Golf Course Community in Millsboro with yearly Ground Rent fees of $8000 and higher.