what is the definition of land lease community?

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what is the definition of land lease community?

does this mean you own the house but not the property and pay a monthly fee?

2006-07-30 05:01:10 · 2 answers · asked by grandee4 1 in Home & Garden ➔ Other - Home & Garden

2 answers

You've hit the nail on the head. This situation is common with commercial real estate, but is fairly rare with residential real estate in most parts of the country.

Review all contracts and documents with your attormey before you sign any document relating to real estate. It will save you both money and aggravation.

Good luck with your search for information.

2006-08-02 05:10:09 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋

Yes, that is exactly what it means.

2006-07-30 12:11:07 · answer #2 · answered by ultimatehorn2004 3 · 0⤊ 0⤋