Facebook Twitter Google+ Pinterest

Moving into a mobile home for rent can supply a great option for anyone looking for affordable housing opportunities while staying away from less desirable apartment or condominium living. Individual financial situations can play a key role in whether potential mobile home renters should be looking to sign a month-to-month rental agreement versus a long-term lease though, and learning and understanding the opposing benefits of each will help renters decipher which is better for their specific budget. Factors other than budgetary constraints, such as the necessity for easy mobility or a desire for housing stability, will also play into the decision, so the final choice will often not be solely based upon financial ability, but a combination of many different considerations.

 

Rent Increases

While the short-term benefits of a month-to-month rental agreement can be beneficial to those with professions that might necessitate relocation at any time, they do not offer the same financial and housing security as long-term leases. When a property and a renter enter into a month-to-month rental agreement there is no set amount or percentage that must be adhered to regarding rent increases. Therefore, at any time during a tenant’s stay in a mobile home for rent, the management of the property can raise the tenant’s rent (barring local rent control regulations) to any amount they please, as long as they give proper notice. The tenant, of course, can choose not to pay this amount, but in turn that would mean they would either need to move out or eventually be evicted.

When a tenant living in a mobile home for rent has signed a long-term lease with the property, however, the amount in which the management or property owners can raise their rent is restricted to what has previously been agreed to. Usually, these amounts are based on a certain window of percentage in relation to the Consumer Price Index (CPI), though periodically they are exact dollar amounts per year.

 

Freedom of Mobility

Month-to-month rental agreements offer a much greater freedom of mobility than long-term leases, in that a tenant can choose to vacate the property at any time upon giving the landlord or property owner proper notice. These notice periods can change from property to property, but usually a tenant living in a mobile home for rent on a month-to-month rental agreement will need to notify the office or other management personnel at least 30 days prior to vacating the home.

While the verbiage of month-to-month rental agreements express that a mobile home park can also end the tenancy with the proper notice period, the legal reality is that a tenant must either be in violation of park rules or nonpayment of rent in order for their tenancy to be terminated. Therefore, mobile home parks must show proper cause in order to attempt to remove someone from their home, which mitigates the potential for prejudice on the part of the establishment.

Long-term leases, while they help secure a definite rent increase amount, hinder a renter’s ability to relocate without paying hefty penalty fees. In some cases, if a tenant breaks a lease they will be responsible for paying the entirety of their remaining space rent. So, if a tenant moves out of a mobile home for rent and the landlord cannot fill the home quickly, the previous renter might need to pay the space rent for the subsequent months the home is not occupied. This scenario is an extreme, luckily, and understanding and compassionate mobile home parks will often waive these fees if a new renter or homeowner is found in a timely manner.

 

While choosing between a month-to-month rental agreement and a long-term lease might not be the largest decisions weighing on a potential mobile home renter’s mind, but taking advantage of the right option for their situation can help save them from unexpected rent charges or not being able to easily relocate as the need arises. Being able to properly and accurately assess short-term and long-term plans will help anyone looking to move into a manufactured home for rent decide whether a month-to-month rental agreement or a long-term lease will better suit their needs.