August 2018

Found 1 blog entry for August 2018.

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We are currently working with a client who is looking for condo under the $400,000 but has specifically said she doesn't want the condo to be under a land lease.  A land lease is basically when a person or entity buys a parcel of land and then leases the land to another party for a period of time.  Often times condos buildings and complete neighborhoods are built on this land but the residents never own the land and also have to pay a monthly fee to the owner of the land.  Sounds like a pretty good deal for the owner of the land.  It also can be a more affordable option for buyers looking to find a place to live as these types of properties are typically priced below other comparable buildings that are not on lease land.  The fear of the land owner not