[Blanco]

Are the homes in the Villages land-lease? I just learned about this concept today. I read Florida and Arizona do this. My understanding is when I purchase a new house, I own the house but not the land it sits on. Do people care about this? I did a search in this forum, but I couldn't find anything on the topic.

[graciegirl]

No land lease in The Villages.

[dbussone]

Originally Posted by Blanco

Are the homes in the Villages land-lease? I just learned about this concept today. I read Florida and Arizona do this. My understanding is when I purchase a new house, I own the house but not the land it sits on. Do people care about this? I did a search in this forum, but I couldn't find anything on the topic.

Your understanding of the concept may be correct, but it is not a practice inTV. I have owned a home under that circumstance in another state. I own my house and the land it is on here in TV.

[dbussone]

It is not done here.

[summerhill]

You buy here, you own the land and the bond...

[coach]

No , you own the land in TV. No land lease arrangements here. Some developments in the area offer that type of ownership.

[villager]

No, the homes are not on leasehold land. When you purchase a property in The Villages, the land the home sits on is conveyed to the purchaser (in other words, you own it).

[Rickg]

I have a deed to my land in the Villages

[Challenger]

Originally Posted by Blanco

Are the homes in the Villages land-lease? I just learned about this concept today. I read Florida and Arizona do this. My understanding is when I purchase a new house, I own the house but not the land it sits on. Do people care about this? I did a search in this forum, but I couldn't find anything on the topic.

No! residential properties in TV are "in fee" The land may be subject to a lein related to bond issues that funded infrastructure , but that is an entirely different matter and there are several threads on this forum which explain the "Bond"

[RickeyD]

Originally Posted by Blanco

Are the homes in the Villages land-lease? I just learned about this concept today. I read Florida and Arizona do this. My understanding is when I purchase a new house, I own the house but not the land it sits on. Do people care about this? I did a search in this forum, but I couldn't find anything on the topic.

Not true. My deed states I own the land.

[Abby10]

Originally Posted by Blanco

Are the homes in the Villages land-lease? I just learned about this concept today. I read Florida and Arizona do this. My understanding is when I purchase a new house, I own the house but not the land it sits on. Do people care about this? I did a search in this forum, but I couldn't find anything on the topic.

Other states do this too, but to answer your question, no, The Villages is not a land lease community.

[dadspet]

no you own the home and the land