What it a Land Lease Community?

A land lease community is where you own the home but lease the land where the home sits from the community operator. You pay rent for the right to occupy the site with a manufactured home or a moveable dwelling. Even when a community has a rule that residents must be over a certain age to live there, it is not a retirement village.

There are more than 500 land lease communities in New South Wales, accommodating about 40,000 residents. They offer a variety of services, facilities and financial arrangements. Some cater only to permanent homeowners. Others have a mixture of tourists, tenants and long-term casual occupants. There are also different types of operators within the industry, ranging from large corporations to small family businesses.