Leasing a Site
The Benefits of Leasing
Leasing can be a good option because the costs of the property are usually much lower than buying land outright. Your housing consultant can help you find rental communities in your area. Often, leasing property may have costs over and above your rent. Ask questions and be sure to know what you're committing to.
Understand the Lease Details
Make sure you understand and can live with the terms of your lease. As with purchasing land, there are a number of issues to consider:
- Lease - Is there a written contract? What are the terms?
- Relocation - Are there provisions in the lease to protect you if the property owner sells? Will the owner help with moving expenses?
- Rules - If the property is in a community, are there rules and regulations that tenants must abide by?
- Fees - Who pays for installation costs and maintenance? What are the costs for utility connections?
- Amenities - Are there golf courses, tennis courts, club houses, or other amenities that match your lifestyle?
Interested in leasing property? A planned community may be right for you.