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Blanco
08-13-2015, 03:45 PM
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
08-13-2015, 03:57 PM
No land lease in The Villages.
dbussone
08-13-2015, 04:06 PM
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
08-13-2015, 04:07 PM
It is not done here.
summerhill
08-13-2015, 04:08 PM
You buy here, you own the land and the bond...
coach
08-13-2015, 04:30 PM
No , you own the land in TV. No land lease arrangements here. Some developments in the area offer that type of ownership.
villager
08-13-2015, 05:18 PM
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
08-13-2015, 07:46 PM
I have a deed to my land in the Villages
Challenger
08-13-2015, 07:52 PM
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
08-14-2015, 05:42 AM
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
08-14-2015, 10:07 AM
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
08-14-2015, 11:52 AM
no you own the home and the land