Updated almost 4 years ago on . Most recent reply
VA Manufactured Home Lot Rental Act (MHLRA)
We bought a 33-lot mobile home park about 3 months ago and my partner told me about the Virginia Manufactured Home Lot Rental Act as of July 1, 2021. All mobile homes in our park are included in the purchase of which about 50% were rented while the others are vacant and require major rehab. We sold most of the vacant ones to other investors and charge them lot rent. My question is, does the VMHLRA only applies to the "lot only" tenants or does it apply to park-owned home tenants as well? Appreciate any clarification from Virginia park owners familiar on the new law.