Lot Rent and Park-Owned-Home Rent
Lot rent pays for the site. On a tenant-owned home, lot rent is the only charge. With a park-owned home, the resident pays lot rent plus home rent. Rent on a park-owned home pays for the home, which the park also owns, with its repairs and turnover costs behind it. We book the two to separate income accounts, in the ledger and in reporting, so you can see what the lots earn and what the homes earn on their own. Lump them into one line and neither number means much.