T – MHP Glossary of Terms and Definitions
Mobile Home Park glossary of terms starting with the letter T, abbreviations, acronyms, initialisms, and definitions of each.
T
- Tag
- A multi-section home where one of the sections is considerably less in length than the other sections is called a Tag. The Tag, as in Tag-Along, is built on its own frame and chassis and is used to expand the floor space in a portion of the mobile home.
- Tenancy
- Tenancy is the right of a homeowner to the use of a site within a mobilehome park on which to locate, maintain, and occupy a mobilehome, site improvements, and accessory structures for human habitation, including the use of the services and facilities of the park.
California MRL §798.12 - THOW
- Tiny House on Wheels
- Tip Out
- A room extension or similar feature that is constructed at the factory with the manufactured home. It is transported with the home and pushed (tipped out) into place once the home is sited.
- Title
- Documentary evidence of ownership. Health and Safety Code §18080.4(a) – Every registered owner, upon receipt of a registration card, shall maintain the card or a copy thereof with the manufactured home, mobilehome, commercial coach, truck camper, or floating home for which it is issued.
Health and Safety Code Section §18080.4 - Trailer
- Refers to homes that are 8 feet wide (or less) by 40 feet long (or less) and are classified as Recreational Vehicles (RVs) by HCD.
- Triple Net Lease
- A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property; Property Taxes, Insurance, Maintenance Costs. These three additional costs represent the nets to which the name of the lease refers. The triple net or NNN lease is considered a turnkey investment since the landlord is not responsible for paying any operating expenses.
- Triple Wide
- Three separate sections assembled on site.
- Truth in Lending
- A federal regulation, referred to as Regulation Z, requiring creditors to provide full disclosure of the terms of a loan.