Musical chairs: You can buy a home on leased land for a bargain price, but you must be prepared to sell before the music stops
Written by on July 5th, 2008 in Real Estate.
This is my column for this week from the Arizona Republic (permanent link). Musical chairs: You can buy a home on leased land for a bargain price, but you must be prepared to sell before the music stops We’re preparing to list a condominium that sits on leased land. Land leases aren’t common in the Phoenix area, but they do exist. The most common way to own real property in the Valley is in fee simple: You own the land and all the structures on it, plus any mineral, water and air rights th