See my reply to JBlack’s comment for a clarification on what would happen after the land was sold and there are different owners for land an amendments. Usually, I would expect the land-owner to buy the home after the auction.
I believe mobile homes are usually sold with a similar system, as the land and the home are usually owned by different people
Oh interesting! I will look into that.
The strategy is interesting, one might imagine the landlord and the renter splitting the cost of some improvements, since the landlord gets higher land value and the renter gets to enjoy the improvements.
Typically (in California), there is one owner of the whole park, who charges rent based on location and amenities (eg a pool or dog walking trails) to individuals who own what me grandma calls “am immobile home”
See my reply to JBlack’s comment for a clarification on what would happen after the land was sold and there are different owners for land an amendments. Usually, I would expect the land-owner to buy the home after the auction.
Oh interesting! I will look into that.
The strategy is interesting, one might imagine the landlord and the renter splitting the cost of some improvements, since the landlord gets higher land value and the renter gets to enjoy the improvements.
Typically (in California), there is one owner of the whole park, who charges rent based on location and amenities (eg a pool or dog walking trails) to individuals who own what me grandma calls “am immobile home”