UNITED MOBILE HOMES INC
EMPLOYMENT AGREEMENT
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>3
<FILENAME>employmentagreement.txt
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>


                    UNITED MOBILE HOMES, INC.

                      EMPLOYMENT AGREEMENT


     This  Employment Agreement (the "Employment  Agreement")  is
made  and  entered  into this 8th day of January,  2003,  by  and
between UNITED MOBILE HOMES, INC., a New Jersey corporation  (the
"Company") and ANNA T. CHEW, an individual ("Employee").

                      W I T N E S S E T H:

WHEREAS,  the  Company desires to employ Employee,  and  Employee
desires  to be employed by the Company upon the terms and subject
to the conditions set forth in this Employment Agreement.

NOW,   THEREFORE,  in  consideration  of  the  mutual   covenants
contained  herein and for other good and valuable  consideration,
the  receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

Section  1.     Employment.  The Company hereby employs Employee,
and Employee hereby accepts employment with the Company, upon the
terms  and subject to the conditions set forth in this Employment
Agreement.

Section  2.     Description of Employment.  Employee is  employed
as Vice President of the Company.  It is agreed that Employee may
also  serve  as  an  officer of Monmouth Real  Estate  Investment
Corporation and of Monmouth Capital Corporation.

Section  3.     Term of Employment.  Unless sooner terminated  in
accordance  with  the  provisions  hereof,  the  term   of   this
Employment  Agreement shall be for a three-year period commencing
January  1,  2003 and terminating December 31, 2005.  Thereafter,
the  term  of  this  Employment Agreement shall be  automatically
renewed and extended for successive one-year periods except  that
either  party  may,  at  least ninety (90)  days  prior  to  such
expiration  date or any anniversary thereof, give written  notice
to the other party electing that this Employment Agreement not be
renewed  or  extended,  in which event this Employment  Agreement
shall  expire  as  of  the expiration date or  anniversary  date,
respectively.  In the event of a merger of the Company,  sale  or
change  of  control, Employee shall have the right to extend  and
renew this Employment Agreement so that the expiration date  will
be  three  years  from  the date of merger,  sale  or  change  of
control.

Section  4.     Place of Employment.  Employee's principal  place
of  employment shall be located at such offices of the Company in
central  New Jersey as the Board of Directors may, from  time  to
time, determine.

Section 5.     Compensation.  As compensation for all services to
be  rendered  by  Employee under this Employment  Agreement,  the
Company shall pay to Employee a base salary of $177,200 for  2003
with an increase of 10% per year thereafter.

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<PAGE>

     Said  base  salaries  are to be paid in such  intervals  (at
least  monthly) as salaries are paid generally to other executive
officers of the Company.  Any bonus will be at the discretion  of
the President.

     As  compensation on severance of employment for any  reason,
including death, Employee shall be entitled to the payment of one
year's   salary.   The  employee  shall  purchase  a   disability
insurance policy so that in the event of disability exceeding six
months,  the employee will receive lost wages from the disability
policy.

      Employee  shall  also  receive an annual  stock  option  to
purchase 10,000 shares of United Mobile Homes, Inc.

Section  6.      Benefits.   Employee shall  participate  in  all
health,  dental, insurance and similar plans of the  Company  and
shall also be eligible to participate in the Company's 401(k)  or
other  Plan  established  by  the  Company.   Employee  shall  be
entitled  to  four  (4) weeks vacation and the same  holidays  as
provided  for  the  other  members of  the  staff.   The  Company
provides  the 401(k) Plan in lieu of pension, severance or  other
benefits (except such benefits as specifically provided  in  this
agreement).

Section  7.      Review  of Performance.  The  President  of  the
Company  may  annually  review and evaluate  the  performance  of
Employee under this Employment Agreement with Employee.

Section  8.      Termination.  This Employment Agreement  may  be
terminated by the Company at any time by reason of the  death  or
disability of Employee or for cause.  A termination with  "cause"
shall  mean a termination of this Employment Agreement by  reason
of  a  good faith determination by the Board of Directors of  the
Company  that  Employee (i) failed to substantially  perform  his
duties  with the Company (if not due to death or disability),  or
(ii)  has  engaged  in  conduct, the consequences  of  which  are
materially  adverse  to  the Company,  monetarily  or  otherwise.
"Disability"  shall mean a physical or mental illness  which,  in
the  judgment of the Company after consultation with the licensed
physician  attending the Employee, impairs Employee's ability  to
substantially perform his duties under this Employment  Agreement
as  an  employee,  and as a result of which he  shall  have  been
absent from his duties with the Company on a full time basis  for
six (6) consecutive months.

     The termination provisions shall not, in any way, affect the
disability benefits provided for in this Employment Agreement.

Section  9.     Indemnification and Attorneys Fees.  The  Company
agrees  to  indemnify  the Employee in  either  his  capacity  as
Employee  or as a Director of the Company.  The Company will  pay
all attorneys fees and costs to defend the Employee from any such
lawsuits.

Section  10.     Notices.   For the purpose  of  this  Employment
Agreement, notices and all other communications provided  for  in
this Employment Agreement shall be in writing and shall be deemed
to  have  been duly given when personally delivered  or  sent  by
certified mail, return receipt requested, postage prepaid, or  by
expedited  (overnight)  courier  with  an  established   national
reputation,   shipping prepaid or billed to  sender,   in  either
case addressed to the  address

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<PAGE>

last  given by each party to the other (provided that all notices
to the Company shall be directed to the attention of the Board of
Directors  of  the  Company with a copy to the Secretary  of  the
Company)  or  to  such  other address as either  party  may  have
furnished to the other in writing in accordance herewith.

Section  11.    Successors.  This Employment Agreement  shall  be
binding on the Company and any successor to any of its businesses
or assets.

Section  12.    Binding Effect.  This Employment Agreement  shall
insure  to  the  benefit  of  and be  enforceable  by  Employee's
personal  and  legal representatives, executors,  administrators,
successors, heirs, distributees, devisees and legatees.

Section  13.     Modification and Waiver.  No provision  of  this
Employment Agreement may be modified, waived or discharged unless
such  waiver, modification or discharge is agreed to  in  writing
and  signed  by Employee and such officer as may be  specifically
designated by the Board of Directors of the Company.   No  waiver
by  either  party hereto at any time of any breach by  the  other
party  hereto of, or compliance with, any condition or  provision
of  this Employment Agreement to be performed by such other party
shall  be deemed a waiver of similar or dissimilar provisions  or
conditions at the same or at any prior or subsequent time.

Section  14.     Headings.   Headings  used  in  this  Employment
Agreement  are  for convenience only and shall  not  be  used  to
interpret its provisions.

Section  15.     Waiver  of Breach.  The  waiver  of  either  the
Company  or  Employee  of  a  breach of  any  provision  of  this
Employment  Agreement  shall not operate or  be  construed  as  a
waiver  of  any  subsequent  breach  by  either  the  Company  or
Employee.

Section  16.    Amendments.  No amendments or variations  of  the
terms  and conditions of this Employment Agreement shall be valid
unless  the  same is in writing and signed by all of the  parties
hereto.

Section  17.    Severability.  The invalidity or unenforceability
of  any provision of this Employment Agreement, whether in  whole
or  in  part,  shall  not in any way affect the  validity  and/or
enforceability  of  any  other provision herein  contained.   Any
invalid  or unenforceable provision shall be deemed severable  to
the  extent  of  any  such invalidity or enforceability.   It  is
expressly  understood  and agreed that,  while  the  Company  and
Employee  consider the restrictions contained in this  Employment
Agreement  reasonable  for  the purpose  of  preserving  for  the
Company  the  good will, other proprietary rights and  intangible
business  value of the company if a final judicial  determination
is made by a court having jurisdiction that the time or territory
or  any  other restriction contained in this Employment Agreement
is   an   unreasonable  or  otherwise  unenforceable  restriction
`against  Employee, the provisions of such clause  shall  not  be
rendered void but shall be deemed amended to apply as to  maximum
time  and  territory and to such other extent as such  court  may
judicially determine or indicate to be reasonable.

Section 18.    Governing Law.  This Employment Agreement shall be
construed and enforced pursuant to the laws of the State  of  New
Jersey.

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<PAGE>

Section 19.    Binding Arbitration and Damages Limitation.  It is
expressly agreed by all parties to this contract that any dispute
between  the  parties  will be determined by binding  arbitration
performed   under   the   rules  of   The  American   Arbitration
Association.   It is expressly agreed that in no  event  can  the
Employee seek damages exceeding the greater of the dollar  amount
of salary and benefits from the time of the dispute to the end of
the   contract  employment  period;  or  one  year's  pay.   This
provision  applies to any and all claims arising from  Employee's
employment  except  for  matters solely and  directly  caused  by
workers compensation insurance.

IN  WITNESS  WHEREOF,  this Employment Agreement  has  been  duly
executed  by the Company and Employee as of the date first  above
written.

                              UNITED MOBILE HOMES, INC.

WITNESS:
                              By /s/    Samuel A. Landy
                                        Samuel A. Landy
/s/ Maryanne Stoughton                  President

                              By /s/    Anna T. Chew
                                        Anna T. Chew
WITNESS:                                Employee

/s/ Maryanne Stoughton







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</TEXT>
</DOCUMENT>
