Property Management
In New Mexico, a 'space lease' in a mobile home park grants the tenant:
AOwnership of the land beneath their home
BThe right to place and occupy their mobile or manufactured home on a rented lot✓ Correct
CA fee simple interest in the park
DNo right to occupy—space leases are for storage only
Explanation
In a mobile home park, residents typically own their manufactured home but rent (lease) the land (space) beneath it from the park owner. New Mexico has specific laws protecting manufactured home space lease tenants.
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