Land Lease? What to Know

Hey there it's Benjamin. In today's video I discuss a Land Lease, also known as a Ground Lease, what you should know as a homeowner on a current land lease, what precautions a prospective homebuyer should know if considering purchasing a home on leased land, and a current example of a land lease here in Southern California.
My name is Benjamin. I’m a residential realtor in south Orange County, California providing you with knowledge, tips, and insights to help you be better informed and educated in residential realty.
#land #lease

[@PippyKatStamper]

Thank you so much for clarifying the subject of a Land Lease. I have been researching the idea of selling my home and downsizing into a new 55+ "cottage home" community in north Florida. Their only option is to purchase the slab/stick built homes and lease the land the home sits on. Thank you for helping me understand both the position of the land owner and the potential buyer/home owner. Think I will continue my research and steer away from land lease options. GREAT video and very valuable information!!

[@kenyalewis2419]

Wow this just changed my whole view on land leasing! Thanks for the information. Keep up the good work!

[@gordonbrokerage]

Thanks Kenya!! Glad you liked it.

[@christinemcdaniel1647]

I never understood land leasing as we don't have that in my state. Great explanation and informative video!!!

[@gordonbrokerage]

Thank you!!

[@pippythefish5506]

This is helpful information. I took many notes. Thank you!!!

[@dejozollc3549]

Thank you for explaining this in a simple way.

[@gordonbrokerage]

Thanks so much for watching. Happy to assist with any real estate needs you may have.

[@Tony-km2nu]

Perfect video for what I needed to know

[@gordonbrokerage]

Thanks! Glad it was valuable and helpful for you. Thanks for watching

[@TheCutSceneAnna]

Thank you for helping me 😊 I'm a Social Media Manager and I need tl market a Warehouse for Lease and I believe your video is very helpful.

[@gordonbrokerage]

Thanks Patsy!

[@silkdiamond9787]

thank you buen dias rewind paying it forward

[@MrYtubenewsanchorman]

very well stated Benjamin

[@gordonbrokerage]

Thanks!

[@ASH-se6kr]

I like your videos thx but is better to buy retail or Condo with land lease or ? and what if I wanna sell my building years later then how does that work since I don’t won the land ?

[@penelopepitstop762]

I have never heard of this until I started researching On Top of the World in Florida, a huge 55+ community. They have a 99 year lease. This is a community of over 10,000 homes. I'm not sure how I feel about it and may look at other communities because of it. Why doesn't the builder purchase the land from the land owner? It doesn't seem like a wise purchase and a disappointment for sure.

[@gordonbrokerage]

The land owner has leverage. May not want to sell and can get $ by having a land lease in place for X years to come. For resale and real estate an investment, owning the land is much more valuable. The lower price of a property on leased land can be enticing. Really depends on what your goals are for the property.

[@kathysheeran6589]

⁠@@gordonbrokerageI like your response here. And for a potential purchase of a house on leased land if it was to be used for a family for about 10-15 years because other comparable real estate is double and triple of it at this point in time- and one not looking to it for an investment - it could be a good deal, correct? My thought is if you got out of it, at least what you put in and got all that enjoyment it’s a win. AND u not tieimg all your money in one area of your life. .

[@barrosmartins7123]

👍👍

[@secheledube8651]

Thanks very much for the information. I have a land that I want to lease. Who can help me to draft a lease contract.

[@robertsutton3001]

Does land leased for grazing purposes etc also get hunting rights or do you need to negotiate that? Like what if the owner’s friend leaves a gate open or something?

[@gordonbrokerage]

Hi, it would depend on the land lease agreement terms. Was it written into the agreement? If not, would need to come to an agreement on that.

[@HerDigitalMedia]

I’m looking for land to lease or buy in Orange County. Looking to build a tiny home in the next two months. Any suggestions

[@gordonbrokerage]

How is that coming along? Important to make sure the land has infrastructure is in place before building. plumbing, water, sewer can all add up quickly + grading and permits. There are pros and cons.

[@JGalegria]

Also is the tiny house recognised as a main dwelling? Probably not. Usually they are regarded as a mobile home and you need to check with your local planning authority or council laws and zoning etc

[@JGalegria]

Let's face it, no financer is going to give you a housing loan/mortgage on a house on leased land. If you want to borrow to build or buy a prefab, you need to get a personal loan at the higher interest rate

[@barbarablanco3909]

Hay personas usando el nombre de esta empresa Lendlease investment como central de inversión para estafar. Esta de que hagan una investigación

[@ChristopherBosch-ff1dt]

So as soon as you got a hand me out. Leases are void. 😊

[@pattimcb31]

Who do I speak to, to get more information?

[@gordonbrokerage]

What specifically are you looking to have more information on?

[@1rider3bluee31]

That crazy you can own the property but the leaser when the lease is up can take your property or list it for sale .america needs to look at property rights

[@gordonbrokerage]

Definitely much different than fee simple ownership (owning the land and improvement). Thanks for watching.

[@JGalegria]

You don't own the "property" only the building

[@1rider3bluee31]

@@JGalegria yeah I know . But when ur lease is up they can take ur building

[@silkdiamond9787]

need to reach me reach me

[@jupitereye4322]

Dude, speak English. You use so many real estate terms it takes multiple times to re-listen and figures out what means what. Some graphics would help too.