what is leasing land? A 99 yr lease is offered too us. Can we build and do on that land as if we own it?

Answer 1

If there are deed restrictions, you still have to follow the deed restrictions, but other than that, you can build whatever you want. You cannot sell or use the mineral rights unless that's included.

I know that California and Hawaii usually have the 99 year lease - I don't know if it's harder to sell a house on that type of lease, or, when the land reverts back, what happens to the improvements - you might want to check the fine print on that.

Answer 2

It depends on the terms of the contract written what you may and may not do while holding a lease. Sometimes you can be restricted from making permanent changes without the owner knowledge. Anything permanent stays and becomes the property of the land owner upon termination of the lease.

Answer 3

depend on the terms of the lease, but generally land leases are exactly what you just said.

The problem i when the lease expires, the land and the improvements upon it belong ot the owner and not you. If you build, make sure it is removeable.

Answer 4

It depends on the terms and restrictions in the lease. A lease means you are using someone else's property and paying them for the privilege.

Answer 5

yup. you can do whatever you want with the land. but after the lease contract expires (in your case, 99 years), the original owner takes back his land and all the improvements on it. whatever building or renovation you made on that land, he gets it back after 99 years.