Lot rent意思

"Lot rent" is a term typically used in the context of mobile home parks or manufactured home communities where individuals own their homes but rent the land on which their homes are situated. It refers to the monthly or annual fee that the homeowner pays to the park or community owner for the use of the land.

The lot rent usually covers the cost of the land, maintenance of common areas, trash removal, security, and other amenities or services provided by the park. It is an important expense for mobile home owners, as it represents a significant portion of the overall cost of living in such communities.

In addition to lot rent, homeowners may also pay for utilities such as water, sewer, electricity, and gas, which are typically separately metered and billed.

It's worth noting that the term "lot rent" can vary in different regions or countries, and similar terms like "plot rent" or "land rent" may be used to describe the same concept.