Katherine Jackson -- Hangin' in Britney's Hood

12/16/2010 5:50 AM PST

Katherine Jackson Moves into Rental In Calabasas Near Britney Spears

Ordinary people usually hit up a Motel 6 while their home is being renovated -- but Katherine Jackson is no ordinary person.

Here's where Katherine will be living -- along with Michael Jackson's three kids -- for the next few months. It's a 12,670 square-foot mansion in Calabasas, CA -- just a block from Britney Spears!

Katherine is plunking down $26,000 a month -- the exact amount of her monthly allowance from the Michael Jackson estate -- while her Encino home is being extensively remodeled.

The 7 bedroom rental features a game room, movie theater, guest house, Jesus juice wine cellar, and much more.

UPDATE:  TMZ has learned, the MJ Estate is paying the $26 grand a month for the rental, in addition to all the other perks Katherine gets, including cooks, security, cars, taxes, house maintenance, vacations, house renovations, etc. etc. etc.