How to Lease Land for a Manufactured Home

If you can't or don't want to buy land for your manufactured home, you can often find land for lease. Here are some ideas for making your leased-land search successful.

Difficulty: Moderate

Instructions

Things You'll Need:

• Real Estate Agents

1. Include land for sale in your search. Even if the property is for sale, you may be able to negotiate a lease, depending on the seller's financial situation.

2. Consider the assistance of a real estate agent. Sometimes an agent can do a lot of the research for you, such as calling sellers and identifying potential properties.

3. Think carefully about how long a lease term you will want. Make it long enough to make it worth the expenses of moving yourself and your home.

4. Consider what to do if you have to leave before the end of your lease. Allow yourself the option of subleasing the property (allowing someone else to take over your lease). Work out the terms of the sublease before you sign an agreement.

Tips & Warnings

• Generally, you will find more opportunities to lease land for a manufactured home in rural areas.
• Check to see if the property is in a flood zone. If it is, the lender will require you to get flood insurance, and you may have to build the home on a higher foundation or bluff.