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NEWS FOR THE MANUFACTURED HOUSING COMMUNITIES

Recent News

Congrats to Bill Dahlin on being re-appointed as advisor to WMA’s Committee to Save Property Rights.

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Upcoming Events

Event: MHET Breakfast Date: January 25, 2017

Location:

Avenue of the Arts Hotel 3350 Avenue of the Arts in Costa Mesa, CA.

Come see:

Robert Williamson present on Lease and Arbitration Issues and Agreements.

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Mobilehome Park Ground Lease

By Boyd Hill

Ground leases are long term-leases that share many of the characteristics of a land purchase. The ground lessee acquires long-term exclusive rights of possession, including the right to build on and use the property as the lessee sees fit and to obtain any depreciation or other tax advantages that may accrue by virtue of owning income producing land.

The main difference between a ground lease and a land purchase of a Mobilehome Park is that, rather than paying for the underlying land value at the outset, the ground lessee makes rental payments over time which can be financed by, for example, Park revenue...Read More

 
Hart King Attorneys at Law - 4 Hutton Centre Drive, Suite 900 - Santa Ana CA 92707
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