What is a Residential Land Lease or Lifestyle Community?
Residential Land Lease Communities (RLLCs) or lifestyle communities offer affordable, relocatable housing to the the 55+ age group. Residents own their own homes and lease the land, paying an ongoing rent.
The homes are a far cry from the caravans of 30 years ago. Set within facilities-rich communities of like-minded people, the average manufactured home boasts all the mod cons, yet costs less than an equivalent home and land package.
By selling the family home and moving into a lifestyle community, cash poor pensioners are given the opportunity to free up equity, travel and enjoy the good life that comes with financial peace of mind.