A general category of housing produced largely in a factory. This umbrella term encompasses MANUFACTURED HOMES, MODULAR HOMES, and PREFABRICATED HOMES, offering significant cost savings and efficient construction techniques compared to traditional site-built homes.
A land lease community is a type of housing development where homeowners lease the land under their homes from a landowner who often provides community infrastructure and amenities. These communities are commonly associated with manufactured or mobile homes.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!